Browse
related articles
Nakheel not planning asset sale
- United Arab Emirates: Tuesday, August 07 - 2012 at 12:07
Ali Rashid Lootah, the chairman of state developer Nakheel has ruled out plans to sell any assets, saying it is now a profitable entity and has succeeded in pruning trade claims by 85%, Gulf Business has reported. "We were supposed to sell some assets in 2008, but we managed to defer that," Lootah said. "My aim is not to sell, not to divest. We will increase our income from other sources - from selling land, new residential developments, more income from retail and leasing - to avoid it."
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
