Nakheel makes Dh210m sukuk profit payment

Dubai-based Nakheel said on Wednesday it made a profit payment of Dh210 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 June 15 against the sukuk issued amount of Dh4.3 billion to date.

A company spokesman said: “We continue to honour our financial commitments and to implement our revised business plan, further helping the recovery of the real estate sector in Dubai.  In turn, investor and contractor trust in Nakheel continues to grow.”