Nakheel settles Dhs201m sukuk payment
Complex Made Simple

Nakheel settles Dhs201m sukuk payment

Nakheel settles Dhs201m sukuk payment

Dubai's state-owned developer Nakheel has said it has made the necessary arrangements enabling Deutsche Bank, the registrar and paying agent for the trade creditor sukuk, to make the third profit payment of Dhs201m to all sukuk holders on the due date, December 15, Khaleej Times has reported. With this payment, Nakheel has paid a total of Dhs9.6bn to its trade creditors and contractors since November 2009, providing the necessary stimulus in the local economy, particularly in the real estate sector that is showing signs of stability and growth.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved