Nakheel makes AED220 million Sukuk profit payment

Dubai: Dubai developer Nakheel today confirmed a profit payment of AED220 million 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 2014 against the Sukuk issued amount of AED4.4 billion to date, the company said in a statement.