Saudi Arabia

16 Feb 2007

Mandated lead arrangers ABC Islamic Bank, Arab National Bank, Standard Bank, Unicorn Investment Bank and WestLB have closed syndication for the $425m three year sukuk al-ijara facility forDar Al Arkan Real Estate Development Co.

The deal, which pays a margin of 200bp, is oversubscribed and should be increased to $600m.

Signing ...

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