Dar Al-Arkan, a Saudi Arabia-based real estate developer, raised $600m on Wednesday with a February 2025 sukuk, defying market volatility to offer little in the way of new issue premium.
Trade tensions between the US and China made for a difficult backdrop early this week, but a banker at one of the leads said: “It’s a very liquid company, and the Saudi real estate market seems to have bottomed out, so it’s a great story. I think that
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.