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- QIA, Blue Owl Capital enter agreement to establish digital Infrastructure partnership
- Zain Bahrain launches first phase of flagship accelerator programme
- Gold price in Qatari market increases by 1.36% this week
- Bahri Chemicals seals contract of affreightment with Luberef
- stc, Huawei launch 1st service-driven network intelligent optimization platform in central region
- Saudi Market Seen Drawing Billions as Foreign Ownership Cap Nears Shift
- Oil Pulls Back from Seven-week High
- Adnoc's XRG acquires 11.7% stake in US Rio Grande LNG project
- Dubai ranked among world's top four fintech hubs in global index
- Kuwait's economy set to grow 2.6% in 2025: IMF
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 |
|---|
| Ticker | Price | Change |
|---|---|---|
| MASAR | 23.86 | 0.36 (1.53 |
| JABALOMAR | 18.90 | -0.18 (-0.95 |
| EMAAREC | 13.00 | -0.19 (-1.45 |
| MCDC | 87.25 | 4.30 (5.18 |
| CENOMICENTERS | 23.20 | 0.26 (1.13 |
26/09/2025
Zain Bahrain, a leading telecommunications and technology industry innovator in the kingdom, has officially launched its flagship startup accelerator programme, Zain Great Idea (ZGI), in Bahrain.
Trade Arabia
26/09/2025
Bahri, a global leader in logistics and transportation, has signed its first contract of affreightment (COA) with Luberef through its business unit, Bahri Chemicals, thus marking the beginning of a s
Trade Arabia
26/09/2025
stc group, a leading digital enabler, has teamed up with Huawei Technologies Co., Ltd. to deliver the first-ever Service-Driven Intelligent Optimization Platform in the Central Region of Saudi Arabia
Saudi Gazette
26/09/2025
Adnoc's international gas subsidiary, XRG P.J.S.C., has completed the acquisition of an 11.7% equity stake in Phase 1 of the Rio Grande LNG project in Brownsville, Texas.
The deal, first ann
Gulfnews
25/09/2025
Mekdam Holding Group has bagged a contract from Qatar Fertiliser Company (QAFCO) to execute a strategic contract valued at QR203.9mn.
The contract covers the supply of Tier-1 manpower to sup
Gulf Times
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