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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Nakheel hits out at assets report

Posted on 23 September 2011

Nakheel properties has hit back at foreign media reports doubting the real value of its land assets following the issuance of Dh3.8 billion sukuk (Islamic bonds) by the Dubai-based developer to unpaid contractors.
Nakheel chairman Ali Rashid Lootah was reacting to reports by Reuters and other agencies and newspapers that the company‚Äôs property is overestimated on the grounds much of it is unreclaimed seabed……………………………………….Full Article: Source

 
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