Pakistan & Middle East's leading
Business Web Portal

News Business

Loading the player...

Nakheel makes AED 220 million Sukuk profit payment

Nakheel today confirmed a profit payment of AED220 million on its trade creditor Sukuk. Instructions have been sent to Deutsche Bank, the registrar and paying agent for the Sukuk, to make the profit payment to all Sukuk holders on the due date of 15 June 2015 against the Sukuk issued amount of AED4.4 billion to date.
Nakheel is one of the world's leading developers and a major contributor to realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.
Nakheel 's master developments in Dubai include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City and Villas at Nad Al Sheba. Together, these span more than 15,000 hectares and currently provide homes for over 200,000 people.
Nakheel 's growing retail project portfolio comprises large-scale destination developments at various locations in Dubai, including Nakheel Mall, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and The Pointe at Palm Jumeirah; major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall; and several neighbourhood community centres. Our existing and pipeline retail projects cover more than 13 million square feet of leasable space.
Nakheel is also developing hotels at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall and Dragon City.

view moreEvents

view moreInterviews

view moreIslamic Finance Education