Logo ofDar Al Arkan Real Estate Development
Dar Al ArkanReal Estate Development Co. announced the successful closing of its 15th issuance of sukuk which is a 11th tranche sukuk issuance under its USD denominated Islamic Sukuk Program with a size of SAR 2.25 billion or $600 million, according to a statement toTadawul. 
The real estate developer said the order book for the Sukuk was opened on May 19, 2026 and closed on the same day.
Details
Issue Type
Shariah compliant, US$ fixed rate “RegS” Senior Unsecured Sukuk
Issue Value
SAR 2.25 bln ($600 mln)
Total Number of Sukuk
3000
Nominal Value
200 الف دولار
Return
7.25% annually
Maturity
May 26, 2031
Terms of Redemption
Full redemption on maturity
The issuance received significant interest from regional and international market participants with the order book reaching SAR 5.61 billion ($1.50 billion), the statement added.
The company mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Al Rayan Investment, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq Bank, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank to manage the 11th tranche issuance.
Logo ofDar Al Arkan Real Estate Development
Dar Al ArkanReal Estate Development Co. announced the successful closing of its 15th issuance of sukuk which is a 11th tranche sukuk issuance under its USD denominated Islamic Sukuk Program with a size of SAR 2.25 billion or $600 million, according to a statement toTadawul.
The real estate developer said the order book for the Sukuk was opened on May 19, 2026 and closed on the same day.
Details
Issue Type
Shariah compliant, US$ fixed rate “RegS” Senior Unsecured Sukuk
Issue Value
SAR 2.25 bln ($600 mln)
Total Number of Sukuk
3000
Nominal Value
200 الف دولار
Return
7.25% annually
Maturity
May 26, 2031
Terms of Redemption
Full redemption on maturity
The issuance received significant interest from regional and international market participants with the order book reaching SAR 5.61 billion ($1.50 billion), the statement added.
The company mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Al Rayan Investment, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq Bank, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank to manage the 11th tranche issuance.
