28.04.2010 - Nakheel sukuk's 10pct offer 'very generous'
From Business24-7.ae: Al Ghurair, one of the key trade creditors of Dubai World, will begin to receive stalled payments from Nakheel beginning June. A top official from the company also said the 10 per cent profit on the sukuks offered to contractors is "very generous". Nakheel on Monday said it had started to sign deals with trade creditors. It said it would pay 40 per cent of trade creditors' bills in cash, with the remaining 60 per cent transferred to a tradable sukuk (Islamic bond) that would pay 10 per cent annual return, if 65 per cent of contractors agree.........................................Full Article: Source
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