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Nakheel says slashed 'exaggerated' trade claims by 75%

Published: 04/09/2011 07:25:03 AM GMT
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The company offered trade creditors repayment of 40 percent cash and the remaining 60 percent in the form of an Islamic bond, or sukuk, at a profit ra (more)

The company offered trade creditors repayment of 40 percent cash and the remaining 60 percent in the form of an Islamic bond, or sukuk, at a profit rate of 10 percent. The Islamic bond will not be backed by the government but by Nakheel's assets, ...

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