Dar Al-Arkan hires banks ahead of sukuk deal

08/03/2018 Argaam

 

Dar Al-Arkan Real Estate Development Company will commence meeting with international sukuk investors from March 12, the company said in a statement to Tadawul on Thursday.

 

Alkhair Capital, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, Nomura, Noor Bank and Standard Chartered Bank have been appointed to manage the potential issuance. 

 

The fifth tranche issuance may follow the investor meetings, subject to market conditions, the company said.

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