Personal
- Accounts & Deposits
  - Accounts
  - Al Hayrat Account
  - Current Account
  - Fixed Deposits Account
  - Money Maker Account
  - Salary Transfer Account
  - Starmaker Account
  - Super Saver Account
  - Al Wajaha
  - Overview
  - BBK Lite
  - Overview
  - NRI
  - NRI Services
  - Debit Cards
  - Classic
  - Gold
  - Signature
  - Infinite
  - Self-service Banking
  - ATM
  - Deposit Machines
  - Interactive Teller Machines
  - Bank Certificates Issuance Machines
  - Debit Card Issuance Machines
  - Foreign Exchange
  - Remittance
  - American Express
- Credit Cards & Financing
  - Credit Cards
  - Platinum
  - Signature
  - Infinite
  - Financing
  - Car Finance
  - Personal Finance
  - Mazaya Mortgage Financing Scheme
  - Mortgage Finance
  - Finance for Women
  - Finance for Doctors
  - Finance for Retirees
- Insurance & Investments
  - Insurance
  - Home Secura
  - Motor Secura
  - Travel Secura
  - Investment
  - Bonds
  - IPO
  - Mutual Funds
  - Real Estate Investment
- Ways to Bank
  - Branches and Self-Service
  - Branches
  - ATM
  - Deposit Machines
  - Debit Card Issuance Machines
  - Corporate Deposit Machines
  - Interactive Teller Machines
  - Bank Certificates Issuance Machines
  - Contactless Payments
  - Apple Pay
  - Samsung Wallet
  - Google Pay
  - Garmin Pay
  - Fitbit Pay
  - More Ways to Bank
  - Mobile app & Online Banking
  - eStatements
  - BBK BanKey
  - Corporate Deposit Card
  - Debit Card
  - Telebanking
  - Open Banking
  - AFAQ Payment System
  - Remittance
  - Visa Click to Pay
  - Sign Language
  - Sign Language Directory
- Help
  - Help & Support
  - Customer Care
  - Complaints and feedback
  - Download Center
  - Updating Customers' Information
  - Sign Language Directory
  - Fraud and security
  - How BBK Protects You
  - How To Protect Yourself
  - Personal Data Privacy
  - Report An Incident
  - Types of Fraud
  - FAQs
  - ePIN Online Generation
  - IBAN Generator
Business
- Cash Management
  - Accounts
  - Business Current Account
  - Business Fixed Deposit Account
  - Cash Management
  - Bankey eBanking
  - Payroll Services
  - Deposit Machines
  - POS Credimax
  - Remittance
- Lending
  - Working Capital Finance
  - Overdraft
  - Cheque discounting
  - Short Term Loans
  - Long Term Finance
  - Project Finance
  - Assets Finance
  - Real estate Finance
- Trade Finance
  - Trade Finance
  - Letters of Credit: Import/Export
  - Letters of Gaurantee
  - Documentary Collection
- Treasury and Investment
  - Treasury
  - Foreign Exchange
  - Hedging Solutions
  - Liquidity Investment Solutions
- Banking & Institutions
  - Corporate Banking
  - Government Affairs
  - Real Estate, Services and Trading
  - Contracting, Building Material, and Manufacturing
  - International Banking
  - Overview
  - Services
  - NRI
  - Offshore Branches
  - Representative offices
  - Enterprise Banking
  - Overview
- Help
  - Help & Support
  - Customer Care
  - Complaints and feedback
  - Download Center
  - Updating Customers' Information
  - Fraud and security
  - How BBK Protects You
  - How To Protect Yourself
  - Personal Data Privacy
  - Report An Incident
  - Types of Fraud
  - FAQs
  - ePIN Online Generation
  - IBAN Generator
PREMIUM
Investor Relations
Who We Are
Media Center

Dubai’s Nakheel repays $681m to creditors

22 Aug 2010

(MENAFN) The Chairman of Dubai property developer Nakheel said that the company has repaid $680.8 million to contractors in July, out of the $1.09 billion it owes to creditors, Reuters reported.

Nakheel has the approval to restructure from 80 percent of its creditors and has no plans to sell assets, Ali Rashid Lootah said in an interview.

Under a restructuring proposal issued by its parent company Dubai World in March, Nakheel creditors would receive repayment through a mix of 40 percent cash and 60 percent tradeable security, in the form of an Islamic bond.

The builder of man-made islands shaped like palms said it began cash payments to trade creditors in a statement issued on June 30. The 40 percent is equivalent to $1.09 billion.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more