Dar Al-Arkan Real Estate Development Co. will start meeting global sukuk investors today, ahead of potentially issuing the fourth tranche of its sukuk program, the real estate developer said in a statement to Tadawul.

 

The issuance, which is subject to market conditions, will be part of the developer’s sukuk program launched in May 2013.

 

Dar Al-Arkan has mandated Alkhair Capital, Deutsche Bank, Dubai Islamic Bank (DIB), Emirates NBD Capital, Goldman Sachs, Noor Bank, and QInvest as joint bookrunners to manage its potential fourth tranche issuance, it said. 

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