Search Site

Trends banner

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

Dar Al Arkan issues sukuk of $600m

The issuance received great interest from participants in the regional and international markets. (Twitter)
  • The maturity period is of five years at a profit rate of 8 percent annually.
  • The issuance order book reached US$1.64 billion (SAR 6.15 billion).

RIYADH, SAUDI ARABIA – Dar Al Arkan Real Estate Development Co. announced on Wednesday the successful closing of its 13th issuance of Islamic Sukuk.

This issuance is the ninth tranche of the Islamic Sukuk program denominated in US dollars, with a value of US$600 million (SAR 2.25 billion). 

The order book for the sukuk was opened on Tuesday and closed on the same day, the company said in a statement to Tadawul.

Dar Al Arkan said that the maturity period is over a period of five years at a profit rate of 8 percent annually.

The issuance order book reached US$1.64 billion (SAR 6.15 billion).