Riyadh - Mubasher: Dar Al Arkan Real-Estate Development Company said that it has updated its Islamic Sukuk Programme.

The company noted that it will start meetings with international sukuk investors on Sunday, 2 April. The issue of Islamic sukuk under the programme will be subject to market conditions, according to a bourse filing.

Dar Al Arkan appointed Alkhair Capital, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, Noor Bank, and QInvest to manage the potential fourth tranche issue, the statement said.

On 23 November, the Saudi-listed firm completed the repayment of its SAR 1.125 billion ($300 million) sukuk.