23.09.2011 - Nakheel hits out at assets report
Nakheel properties has hit back at foreign media reports doubting the real value of its land assets following the issuance of Dh3.8 billion sukuk (Islamic bonds) by the Dubai-based developer to unpaid contractors. Nakheel chairman Ali Rashid Lootah was reacting to reports by Reuters and other agencies and newspapers that the companyís property is overestimated on the grounds much of it is unreclaimed seabed..............................................Full Article: Source
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