Dec 13 2012
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Nakheel repays AED201m sukuk payment
Dubai-based property developer Nakheel said on Wednesday it had repaid Dh201 million Islamic bond (sukuk).
" Nakheel is pleased to confirm that it has made the necessary arrangements enabling Deutsche Bank, the registrar and paying agent for the trade creditor Sukuk, to make the third profit payment of Dh201 million to all sukuk holders on the due date (December 15, 2012).
"With this payment, Nakheel has paid a total of Dh9.6 billion to its trade creditors and contractors since November 2009, providing the necessary stimulus in the local economy, particularly in the real estate sector that is showing signs of stability and growth."
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