30.04.2012 - Nakheel to issue a third tranche sukuk in two months’
Fast forward to April 2012, and as chairman Ali Rashid Lootah sits down to announce Nakheel’s latest annual results, it appears things have changed - at least in terms of the developer’s fortunes anyway. “We achieved profit of AED1.28bn (US$348.5m)… It has been a good year. We have been doing fantastic across the board, across all of our areas… It is a big sign of the recovery of the market,” he says. He also said that a third tranche sukuk is likely to be issued in two months’ time...............................................Full Article: Source
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