Nakheel makes Dh220m Sukuk profit payment

Dubai developer Nakheel on Thursday confirmed a profit payment of Dh220 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 December 15, 2014 against the Sukuk issued amount of Dh4.4 billion to date, the company said in a statement.