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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Nakheel plans Sukuk to settle contractor claims

Posted on 06 January 2012

Developer Nakheel has negotiated contractor claims worth Dh1 billion so far and hopes to issue the second tranche of its Islamic bond within the next six months, its chairman said.
“So far we have been successful in the negotiations,” Ali Rashid Lootah told reporters at the Nakheel headquarters in the man-made island Palm Jumeirah. “We dealt with the claims of Dh1 billion,” Lootah said………………………………………..Full Article: Source

 
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