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Nakheel makes $57mln Sukuk payment

Posted on 13 December 2012

Nakheel Properties has made a AED210m (US$57m) payment to sukuk holders as part of its debt restructuring deal which repays trade creditors 40 percent in cash and 60 percent via the Islamic bond.
The sum takes the total amount paid to trade creditors to AED9.6bn (US$2.6bn) since November 2009, the developer said. The Dubai-based real estate firm also said that property prices in Dubai are starting to show signs of stability………………………………………..Full Article: Source

 
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