Sukuk: June 2009 archives

Posted in: In The Black
Posted by: Asa Fitch on June 1, 2009 5:29 PM
Tags: dubai multi commodities center, merger, nakheel, sukuk
Nakheel-World-courtesy-Nakh.gifIt's impossible to tell at this point, but we're unquestionably beginning to see the outlines of Nakheel's strategy (and that of its parent, Dubai World) for coping with the crisis and paying off debts: consolidation. Leisurecorp, an operator of golf courses, has already been folded into Nakheel. And now the Dubai Multi Commodities Center's property holdings - principally the Jumeirah Lake Towers opposite the Dubai Marina - are also part of the company.

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