Further to the announcements made by Dar Al Arkan Real Estate Development Company on Tadawul on 20th of May 2013 with respect to the establishment of an Islamic Sukuk Programme.
Dar Al Arkan has updated the Programme and will start Monday 12th of March 2018 corresponding to 24/6/1439 Hijri meetings with international Sukuk investors. Fifth issuance of Islamic Sukuk under the Programme may follow the investor meetings, Issuance will be subject to market conditions.
Dar Al Arkan has appointed Alkhair Capital, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, Nomura, Noor Bank and Standard Chartered Bank to manage the potential Fifth tranche issuance. Further developments details will be published as they become available.