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FINANCIAL NEWS
Nakheel to pay lenders USD55m by end of month
27 Feb 2012
(MENAFN) A spokesperson of the UAE-based developer, Nakheel, said that the company was paying lenders a total of USD55 million by the end of the current month, reported Emirates 24/7.
The spokesperson said that the payments were due in accordance with the company’s debt reconstruction plans that were finalized back in 2011.
The spokesperson added that the successful transaction would prove the developer’s commitment to efficient operations towards clearing out its debts.
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