Tight cash management drives huge gains for Nakheel | GulfNews.com:
"A stringent cash management programme is at the heart of Nakheel’s turnaround, helping the developer effect savings of nearly Dh23 billion. This was attained through a combination of cash received from property handovers, sales proceeds from new projects that were not there in the original plan, as well as steady income from leasing and retail activities.
Another huge advantage was derived from being able to reach colonies on nearly 90 per cent of the claims against it from trade creditors.
“Post-August, with the ban debts cleared, there will be new opportunities to generate more revenues,” said Sanjay Manchanda, CEO of Nakheel."
'via Blog this'
No comments:
Post a Comment