Nakheel repays AED211 mln to lenders

Nakheel has issued AED211 million interest and dividend payments to its lenders, according to a statement released by the Company today.

By (Wam)

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Published: Wed 29 Aug 2012, 9:47 PM

Last updated: Tue 7 Apr 2015, 1:05 PM

It added that the due date of the payments is the end of August in accordance with the restructuring obligations.

The statement noted that the payment as per schedule is “a clear indication of the proper application of the restructuring plan, which supports the company’s commitment to the implementation of the plan process that followed what might be dubbed the largest and the most complex restructuring plans in the Middle East since August 2011.”

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