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26/02/2018 05:42 AST
Saudi Arabian real estate developer Dar Al Arkan met fixed income investors last week for a so-called non-deal roadshow, discussions that were not linked to any specific plan for a bond issue, sources familiar with the matter said.
Dar Al Arkan, which issued $500 million (Dh1.8 billion) of Islamic bonds last April, held the meetings to update investors on the company's business, but no concrete bond issue plan was discussed, said one source, declining to be named because of commercial sensitivities.
The company did not immediately respond to a request for comment. The roadshow was held last week in Dubai and arranged by Emirates NBD.
Dar Al Arkan has $450 million of sukuk due in June this year, $400 million of sukuk due in 2019 and a further $500 million of sukuk - those issued last year - maturing in 2022.
The company, rated B1 by Moody's, issued its last sukuk with Alkhair Capital, Deutsche Bank, DIB, Emirates NBD, Goldman Sachs, Noor Bank and QInvest as joint bookrunners. The sukuk offered a profit rate of 6.875 per cent per annum.
Gulf News
30/09/2025
Dar Al Arkan, Saudi Arabia's leading real estate developer, is planning to launch its landmark masterplan, named Manhattan, covering 1 million sq m of prime land in the heart of Jeddah.
"Th
Trade Arabia
02/04/2018
Yousuf Bin Abdullah Al Shelash, Chairman of Dar Al-Arkan Real Estate Development Company, one of the largest Real Estate Developers in the Middle East, today rang the market opening bell to celebrate
Gulf News
15/01/2018
Dar Al Arkan, a leading real estate developer in the Middle East, has started work on its Dh800-million ($218 million) development - I Love Florence Tower - located on the Dubai Water Canal in the Bu
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MASAR | 18.42 | 0.14 (0.76 |
| JABALOMAR | 15.27 | 0.11 (0.72 |
| MCDC | 84.95 | 1.95 (2.34 |
| CENOMICENTERS | 19.90 | 0.15 (0.75 |
| TAIBA | 34.58 | 0.28 (0.81 |
01/01/2026
As part of its steadfast commitment to delivering a best-in-class digital banking experience, National Bank of Kuwait (NBK) announced the launch of a suite of qualitative updates and enhancements to
Kuwait Times
01/01/2026
Bank Muscat announced that it successfully managed series 10 of the Sovereign Sukuk Issuance launched by Oman Sovereign Sukuk Company, with a total value of OMR200 million. The sukuk carries a 7-yea
ONA
01/01/2026
Oman's Bank Nizwa has announced that it had successfully closed the 10th series of local currency sovereign sukuk worth RO200 million ($519 million) acting as the joint issue manager and collecting b
Trade Arabia
01/01/2026
ACWA Power Co has announced its entry into China after securing more than 1 gigawatt (GW) of renewable energy projects, according to a stock exchange disclosure.
The company said it received
Trade Arabia
01/01/2026
Saipem, a global leader in the engineering and construction of major projects, has announced that it has been awarded two offshore contracts worth $600 million in Saudi Arabia, known as Contract Rele
Trade Arabia
Financial Information Co.
Saudi Arabia