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Nakheel pays Dh202.2m to lenders
DUBAI - Nakheel on Sunday said it paid Dh202.2 million in profit and interest payments to its lenders.
“Nakheel released today [Sunday] profit and interest payments equivalent to Dh202.2 million to its lenders. The payments were due at the end of February 2012 in accordance with the restructuring commitments,” the company said.
“The timely discharge of the committed payments signals the successful execution of the restructured operations by Nakheel and cements the company’s commitments towards successfully implementing the agreed operating plan following the completion of one of the largest and most complex restructuring in the Mideast in August 2011.”
business@khaleejtimes.com
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