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Nakheel to Pay $8.2 Billion to Creditors in June

2010-04-15

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.


 

2017-12-07
Al-Quds Index in the green zone despite the political instability

 

 

 
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