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FINANCIAL NEWS
Nakheel in negotiations to endorse loans
26 Jun 2013
(MENAFN) The chairman of Nakheel Ali Rashed Lootah said that the company is in negotiations with different financial establishments to endorse loans valued at USD2.2 billion in two year
.
Lootah refused to disclose other details adding that the plan is the conclusion of talks with tens of banks.
It’s worth noting that Nakheel planned a debt restructure process with USD 16 billion after being negatively influenced by the Dubai fiscal crisis in 2009.
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