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Nakheel issues AED120m sukuk


13 Mar 2013 05:26 GMT   التعليقات ()       إضافة تعليق       طباعة       إرسال لصديق


The new sukuk issuance takes the total amount issued to Dh4.27 billion, the company said.

"We continue to successfully implement our revised business plan and to honour our commitment to the settlement of trade creditor claims," a company spokesman said.

In January, the developer issued an Islamic bond worth Dh121 million. The first tranche was issued in August 2011, part of the company's $16 billion restructuring plan.

The developer, wholly owned by the Dubai government, has said it has paid around Dh10 billion to various trade creditors and contractors since November 2009.

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