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Nakheel makes AED220 million Sukuk profit payment

Instructions have been sent to Deutsche Bank, the registrar and paying agent for the Sukuk,

Nakheel confirmed a profit payment of AED220 million on its trade creditor Sukuk.

Instructions have been sent to Deutsche Bank, the registrar and paying agent for the Sukuk, to make the profit payment to all Sukuk holders on the due date of 15 December 2015 against the Sukuk issued amount of AED4.4 billion to date.

Nakheel is one of the world’s leading developers and a major contributor to realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.