News
Banks can buy Nakheel debt
www.emirates247.com
[Emirates 24/7] - Ali Rashid Lootah was reacting to reports that a Hong Kong-based distressed debt firm, founded by ex-Deutsche Bank veterans, has approached trade creditors of Nakheel with an aim to taking the claims off their hands. The move by SC Lowy Financial is
Google News: Nakheel sukuk in July: report
[Emirates 24/7] - Nakheel Chairman Ali Rashid Lootah said last month the company would issue Dh4.8 billion sukuk at the end of June to pay nearly 60 per cent of its debt as part of overall restructuring plans. The issue was postponed for late July because of a delay in
Nakheel re-pricing The World
www.emirates247.com
[Emirates 24/7] - In January, Chairman Ali Rashid Lootah had told this website that Nakheel had not repossessed a single island in The World project. “We sold the people a piece of land in the sea, well protected… we have no more commitment except that.
Dubai builder rediscovers bling | The Sunday Times
www.thetimes.co.uk
Ali Rashid Lootah, chairman of Nakheel, which built the Palm Jumeirah (Siddharth Siva). Which razzle-dazzle property developer was worst hit ...
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