Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Saudi Arabia Lines Up Energy Deals Before Joint Russia Meeting
- Saudi Economic Affairs Council Reviews State Budget Performance
- Iran's Rial Currency Falls to Near-record Lows on European 'Snapback' Sanctions Threat
- Dollar Edges Lower as September Fed Cut Bets Grow
- Saudi Companies Sign Deals with Syria's Ministry of Energy
- Egypt hits record $8.5bn in dollar resources, prepares for post-IMF era, PM says
- How Gulf companies can succeed if boardrooms overcome fear of AI adoption
- Bahrain All Share Index, Islamic Index close higher
- Gold prices hold ground as investors await US data for more Fed cues
- Foreign funds exert selling pressure as 71% of QSE stocks end in red
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
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
01/01/2018
Dar Al Arkan Real Estate Development, the biggest publicly traded real estate developer in Saudi Arabia, has received a nod from its board for plans to sell a 30 per cent stake in its property manage
The National
| Ticker | Price | Volume |
|---|
29/08/2025
The First Abu Dhabi Bank (FAB) has successfully issued a HKD390 million ($50 million) Blue Bond, a growing category of sustainable finance instruments, designed to advance and promote water-related e
Trade Arabia
29/08/2025
Beyon, a digital technology leader, has signe a partnership agreement with Bahrain's Ministry of Interior to implement an integrated AI-powered traffic monitoring system, aimed at modernising the tra
Trade Arabia
28/08/2025
Adnoc announced on Wednesday that it has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India's largest integrated and diversified energy company, fo
Khaleej Times
28/08/2025
In a significant step towards enhancing its digital transformation journey, Kuwait Airways signed a Master Services Agreement (MSA) with Impulse International for Telecommunications, laying the foun
Kuwait Times
28/08/2025
Vodafone Qatar has announced its expansion of Postpaid services through its new 'You Deserve It!' campaign, introducing new connectivity and digital lifestyle offerings to meet the evolving needs of
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia