Nakheel Denies Offering Early Repayment for Discount, Bayan Says
Nakheel did not offer contractors expedited repayment if they accept a reduction on the debt, Al Bayan reported, citing an unidentified Nakheel spokesman.
The denial comes after Arabian Business reported yesterday that the Dubai developer of palm-shaped islands off Dubai’s coast is offering to expedite payment of arrears to contractors who are willing to reduce the debt.
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