Mubasher TV
Contact Us Advertising   العربية

Dar Al Arkan redeems SAR 1.5bn sukuk

Dar Al Arkan redeems SAR 1.5bn sukuk
The sukuk are payable in 28 May
Dar Al Arkan
0.00% 11.78 0.00

Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company has announced the redeeming of SAR 1.5 billion ($400 million) SERIES 3 MTN 2019 Sukuk payable on 28 May.

Earlier in 2019, the Tadawul-listed company bought SAR 264.3 billion ($70.48 million) sukuk, according to a bourse statement released on Thursday.

Dar Alarkan reported a 92.3% year-on-year drop in profits for the first quarter of 2019, recording SAR 25.51 million.