Nakheel Launches $1.2 bln Loan

Dubai developer Nakheel launches $1.2 bln loan

DUBAI, Sept 4 (Reuters) - Government-owned Nakheel Properties, developer of Dubai's palm-shaped islands, said on Thursday it was launching a 4.4 billion dirham ($1.2 billion) syndicated loan. ...Nakheel's CEO Chris O'Donnell told Reuters on Wednesday that the developer will decide on a public listing in the next 12 months as it expands rapidly in the Gulf and abroad. ...