Nakheel, the real-estate unit of Dubai government-owned conglomerate Dubai World, may sell assets to meet future cash needs but has no intention of launching an initial public offering or Islamic bonds any time soon, the company’s chairman said.
“If needed, we might sell some of our assets. It is in our plan,” Ali Rashed Lootah told Zawya Dow Jones in an interview this week. However, the company is “not under pressure now to make any sale,” he said……………………………………..Full Article: Source