Thursday, 22 March 2018 11:43 GMT

Nakheel to pay USD639m debt

(MENAFN) Dubai-based Nakheel announced that it will repay USD639 million of bank debt over 18 months ahead of time, Arabian Business reported

The company said that the repayment is part of a USD1.8 billion due in September 2015

The developer said that the early repayment is proof of its strong financial performance

Nakheel chairman said: "The early payment has been made possible by delivering thousands of units to customers, ongoing cost savings achieved and the support of the Government of Dubai, investors and business partners"

Nakheel to pay USD639m debt

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