Saudi Dar Al Arkan to repay SAR 1.687bn sukuk Thursday

Saudi Dar Al Arkan to repay SAR 1.687bn sukuk Thursday
Dar Al Arkan also stated that it has bought back a part of the Islamic sukuk at a value of SAR 381 million in 2017 and 2018
Dar Al Arkan
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Riyadh – Mubasher: Saudi Arabia-based Dar Al-Arkan Real-Estate Development Company has announced that it will repay sukuk at a combined value of SAR 1.687 billion ($450 million) to Nasdaq Dubai, due on Thursday, 24 May.

Dar Al Arkan also stated that it has bought back a part of the Islamic sukuk at a value of SAR 381 million ($101.7 million) in 2017 and 2018,  the real estate firm said in a statement to the Saudi Stock Exchange (Tadawul) on Wednesday. 

The Saudi real estate developer transferred the remaining principal and profits to the accounts, the statement showed.