Thu, Oct 23, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Developers, Finance more

Nakheel made $680 mln payment to creditors

Posted on 23 August 2010

From Bloomberg: Nakheel PJSC, the Dubai World-owned property developer, paid 2.5 billion dirhams ($681 million) of bills it owes trade creditors, Chairman Ali Lootah was cited as saying in an interview with Al Khaleej.

About 80 percent of its trade creditors have agreed to new payment terms, the newspaper said, citing Lootah. Nakheel said on June 30 it had begun settling bills from its biggest trade creditors, involving a payout of 4 billion dirhams. The company is waiting for a final response from bank creditors on restructuring its obligations, Lootah was quoted as saying…………………………………….Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031