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Nakheel to pay US$1.63bln in Islamic bonds to contractors

Posted on 17 December 2010

From Thenational.ae: Nakheel, the developer behind Dubai’s palm-shaped islands, will hand over Dh6 billion (US$1.63bn) worth of Islamic bonds to contractors by the end of next month. The move is one way in which Nakheel is trying to pay for work already completed on its ambitious developments, which include the three Palm islands and The World, a man-made archipelago off the coast of Dubai in the shape of a map of the globe.
Nakheel is also behind several residential projects on the western end of Dubai that contain thousands of villas……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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