Saudi Arabia’s Dar Al Arkan issues $400 mln sukuk
Saudi Arabia’s Dar Al Arkan has issued a sukuk worth $400 million, the real estate company said in a stock exchange filing on Thursday (Feb 20).
The seven-year RegS senior unsecured sukuk carries a profit rate of 6.875% per annum.
Dar Al Arkan said the sale received $1.15 billion in orders.
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