Nakheel makes $59.8m sukuk profit payment

Instructions have been sent to Deutsche Bank, the registrar and paying agent for the sukuk

In July, Nakheel announced a net profit of $770m (AED2.8bn) for the first six months of 2015.
In July, Nakheel announced a net profit of $770m (AED2.8bn) for the first six months of 2015.

Dubai developer Nakheel confirmed a profit payment of $59.8m (AED220m) on its trade creditor sukuk.

Instructions have been sent to Deutsche Bank, the registrar and paying agent for the sukuk, to make the profit payment to all Sukuk holders on the due date of 15 December, 2015 against the issued amount of $1.1bn (AED4.4bn) to date.

In July, Nakheel announced a net profit of $770m (AED2.8bn) for the first six months of 2015, an increase of nearly 53% on the same period last year.

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