Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company plans to issue Sharia-compliant, USD-denominated, fixed-rate RegS senior unsecured Sukuk, according to a bourse filing.
Dar Al Arkan has mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Al Rayan Investment LLC, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank (FAB), J.P. Morgan, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank as joint lead managers and bookrunners to arrange a series of fixed-income investor calls, commencing.
The banks will arrange a series of fixed income investor calls commencing on 18 May 2026, ahead of a potential benchmark sukuk offering in global markets.
Proceeds from the planned issuance will be used for general corporate purposes. Meanwhile, the value of the offering is subject to market conditions.
Dar Al Arkan generated 24.31% year-on-year (YoY) higher net profits at SAR 260.24 million in the first quarter (Q1) of 2026.
