Arab Today, arab today nakheel to pay dhs400m to creditors
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

Nakheel to pay Dhs400m to creditors

Arab Today, arab today

Arab Today, arab today Nakheel to pay Dhs400m to creditors

Dubai - Arabstoday

Nakheel Properties, by the end of this month, will start paying Dhs400 million in compensations to the creditors who were hit by its restructuring plan which the company proceeded with in the first quarter of 2010, Ali Rashid Lootah, chairman, disclosed. In a statement Lootah clarified that these compensations would be as per the terms applicable in the restructuring plan to settle the dues of the creditors which stipulated payment of 60 per cent in the form of bonds valued at Dhs240 million and 40 per cent or Dhs160 million in cash. This announcement is based on the company’s belief in the necessity to guarantee the rights of all its financial and commercial creditors, agents and investors in Nakheel’s development projects which reflected positively on the trust levels the company achieved over the past two years. Earlier, Nakheel issued the first tranche of bonds to the commercial creditors valued Dhs3.8 billion at an annual interest of up to 10 per cent to be paid every 6 months, provided the total value would be paid in 5 years.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nakheel to pay dhs400m to creditors Arab Today, arab today nakheel to pay dhs400m to creditors

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nakheel to pay dhs400m to creditors Arab Today, arab today nakheel to pay dhs400m to creditors

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday