Nakheel pays Dh206 mln to lenders

Nakheel today released profit payments of AED206 million to its lenders.

By (Wam)

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Published: Tue 26 Feb 2013, 8:03 PM

Last updated: Sat 4 Apr 2015, 9:41 AM

The funds, due to be paid at the end of February 2013 in accordance with the developer’s financial restructuring commitments, bring the total loan interest and trade creditor sukuk profit paid to AED923 million since restructuring.

A Nakheel spokesman said: “We remain focused on meeting our restructuring commitments to stakeholders, while continuing to work towards achieving our corporate objective of creating a long term, sustainable business that contributes to growth of Dubai’s real estate sector – and to the overall economy of Dubai and the UAE.”

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