‎Dar Al Arkan eyes expansions with $600M sukuk proceeds

‎Dar Al Arkan eyes expansions with $600M sukuk proceeds ‎Dar Al Arkan eyes expansions with $600M sukuk proceeds

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Dar Al Arkan says its new projects in Riyadh and Jeddah exceed SAR 40 billion in total value

The high demand for Dar Al Arkan Real Estate Development Co.’s $600 million sukuk issuance reflects investor confidence in the company amid current conditions, said Chairman Yousef Al Shelash.

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The issuance proceeds will be used primarily to seize new opportunities or develop existing projects, he added.

 

Dar Al Arkan says its new projects in Riyadh and Jeddah exceed SAR 40 billion in total value

The high demand for Dar Al Arkan Real Estate Development Co.’s $600 million sukuk issuance reflects investor confidence in the company amid current conditions, said Chairman Yousef Al Shelash.

The issuance proceeds will be used primarily to seize new opportunities or develop existing projects, he added.

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