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Monday, 22 August 2016

Nakheel now debt-free, completes all sukuk payments | GulfNews.com

Nakheel now debt-free, completes all sukuk payments | GulfNews.com:

"The Dubai government-owned developer Nakheel on Monday said it became debt-free as of Sunday, August 21.
The company said it had cleared all of the Sukuk-related payments it had on its books. With this, it draws a line under the restructuring programme that was launched in 2010.
The Sukuk payments, which totalled Dh4.4 billion and carried an interest rate of 10 per cent, and were routed through Deutsche Bank"



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