Logo of Dar Al Arkan Real Estate Co.
Dar Al Arkan Real Estate Development Co. repaid the fifth tranche of sukuk worth $500 million, it said in a statement to Tadawul.
The developer used its internal resources to repay the sukuk on due date and transferred the principal to the designated account.
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Sukuk Details |
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Offering type |
Islamic sukuk (Fifth tranche, ISIN: XS1794398831) |
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Value of redeemed sukuk |
$500 mln (SAR 1.88 bln) |
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Percentage of redeemed sukuk from total offering |
100% |
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Total number of redeemed sukuk |
500,000 |
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Offering date |
March 21, 2018 |
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Trading end date |
March 21, 2023 |
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Sukuk par value at redemption date |
$1,000 |
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Total issuance value after redemption |
-- |
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Date of depositing amounts in sukuk holders' accounts |
March 21, 2023 |
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Entity responsible for the deposit |
Deutsche Bank (Paying agent and sukuk holders' agent) |
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