11 Jun 2011
(MENAFN) A spokesperson of the Dubai-based Nakheel said that the company secured a near-unanimous approval from lenders on the company’s restructuring plan, reported Arabian Business.
The spokesperson added that it is very likely for the company to gain the approval of remaining lenders soon this month.
The developer has a total of USD10.9 billion of debt and would pay back 60 percent of its outstanding debt to trade creditors through the sale of a USD1.63 billion Islamic bond.
It is worth noting that Nakheel confirmed in April it had stopped selling real estate units in Dubai.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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