Dar Al-Arkan on screens for five year sukuk

Saudi Arabia_230
By Lewis McLellan
09 Oct 2019

Dar Al-Arkan, a real estate development company headquartered in Saudi Arabia, is in the market for a five year sukuk benchmark.

The borrower selected Alkhair Capital, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs, Nomura, Noor Bank, Standard Chartered and Warba Bank to run the February 2025 Reg S benchmark.

Initial price thoughts were set at 7.25%-7.375%.

At the time of writing, orders had ...

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