Dar Al-Arkan marks $500 mln sukuk listing on Nasdaq Dubai

01/04/2018 Argaam

 

Dar Al-Arkan on Sunday marked the listing of $500 million sukuk on Nasdaq Dubai, taking the company’s sukuk listings on the exchange to a total of $1.85 billion.

 

The five-year sukuk, which was listed on March 22, was more than two-times oversubscribed and received interest from Middle Eastern, European and Asian investors, Nasdaq Dubai said in a statement.

 

The listing, the fourth by the company, supports Dar Al-Arkan’s financing and capital raising strategy to support the growth of real estate activities across Saudi Arabia, it added.

 

Dar Al-Arkan’s assets in Saudi Arabia include a 37 million square meter land bank in Jeddah, Riyadh and Makkah.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read