Dar Al-Arkan Real Estate Development Co. announced its intention to issue 7-year dollar-denominated fixed rate "RegS" Senior Unsecured Sukuk, it said in a bourse statement.

 

The move follows a board of directors' decision on Feb. 13, 2020 to issue the sukuk for general corporate purposes and the value to be determined in light of market conditions.

 

The developer has mandated Alkhair Capital, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Mashreq Bank, Nomura, Standard Chartered Bank and Warba Bank as joint lead managers and book-runners to arrange fixed income investor meetings in the UAE and London, starting Feb. 17, 2020.

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.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request