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Nakheel wraps up debt restructure

Dubai property developer Nakheel on Wednesday announced a Dh4.8 billion asset-backed sukuk to its trade creditors to be listed on Nasdaq Dubai on Thursday. This completes the last leg of a complex debt restructuring deal with its creditors. Nakheel Chairman Ali Rashid Lootah told a media gathering that the first…

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Click here to read the full story: Gulf News

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