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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Dubai’s Nakheel in talks to extend $2.2bln loan

Posted on 18 February 2013

Developer Nakheel is in talks to extend 8 billion dirhams ($2.18 billion) in loans due in 2015, the indebted company’s chairman was quoted as saying in a local newspaper on Sunday.
Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which also include a 3.8-billion dirham sukuk, or Islamic bond, due in August 2016, Abu Dhabi-based newspaper, The National, reported………………………………………..Full Article: Source

 
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