| From Maktoob.com: Property developer Nakheel has received 50 percent approval from its trade creditors as part of Dubai World's $24.8 billion restructuring proposal, the company said in a statement on Thursday.
Nakheel trade creditors have been offered full repayment through a mix of 40 percent cash and 60 percent in a sukuk, with a 10 percent annual return. In order to release the cash to creditors, which include contractors and suppliers, Nakheel would have to secure 65 percent approval...............................................Full Article: Source
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