Company Lookup
Download Demo

Market News

This Month News

This Month News

send to a friend by email

Nakheel to Pay $8.2 Billion to Creditors in June


April 15 (Bloomberg) -- Nakheel PJSC plans to pay creditors and contractors $8.2 billion in June, al-Ittihad reported, citing people familiar with the matter. Nakheel, the developer of palm-shaped islands off Dubai’s coast, is restructuring $10.5 billion of financial and trade creditor debt. The company will receive $8 billion in cash from the government, taking the total support to $9.2 billion and helping it pay contactors and complete projects after Dubai’s property market slumped.


Al-Quds Index in the green zone despite the political instability



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013