Nakheel, one of Dubai's largest property developers, has paid Dh202.2 million to its lenders as part its restructuring commitments.
The payments are in line with the due date, which is scheduled for the end of this month.
"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 restructurings in the Middle East in August 2011," a Nakheel spokesperson said.
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