Wednesday, 17 January 2018 12:51 GMT

UAE- Nakheel in Dh220 million sukuk profit payment

(MENAFN - Khaleej Times) Nakheel on wednesday confirmed a profit payment of dh220 million on its trade creditor sukuk.

instructions have been sent to deutsche bank the registrar and paying agent for the sukuk to make the profit payment to all sukuk holders on the due date of june 15 against the sukuk issued amount of dh4.4 billion to date.

a nakheel spokesman said: “we continue to honour our financial commitments and to implement our revised business plan further helping the recovery of the real estate sector in dubai. in turn investor and contractor trust in nakheel continues to grow.”

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