Dar Al-Arkan intends to issue a standard-size dollar unsecured sukuk (senior unsecured sukuk) of $500 million with a fixed return term of 3 years.
According to Arab Net, Dar Al-Arkan has appointed Al-Khair Capital, Deutsche Bank and J.P. Morgan and Standard Chartered, in addition to Emirates NBD Capital, Qatar Islamic Bank, and other local and international banks as lead managers of the offering.
It is noteworthy that Dar Al-Arkan has been rated B1 by Moody's, a credit rating agency with a stable outlook.
