Dar Al-Arkan Real Estate Development Company in Saudi Arabia intends to issue sukuk in US dollars with priority and not supported at a fixed rate and under the RegS system for a period of 7 years.

 


According to ArabiaNet, the company commissioned Al Khair Capital, City, Deutsche Bank and Dubai Islamic Bank in addition to Emirates NBD Capital and other local banks, with the aim of arranging meetings with fixed income investors in the UAE and London, starting on Monday 17 February 2020. .


It is noteworthy that Moody's has rated the company a category B1 with a positive outlook.