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No date for second tranche of Nakheel Sukuk

Posted on 06 December 2011

Ali Rashid LootahDubai-based Nakheel is continuing to settle contractor claims, but has not set any deadline for issuing the second tranche of its sukuk (Islamic bond) programme. “Work is progressing well on contractor claims and settlements are being finalised in the normal course of the business,” a company spokesman said.
He added that the issuance of the next tranche of the sukuk is dependent upon how fast do the contractors settle and sign relevant documents………………………………………..Full Article: Source

 
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