From Arabianbusiness.com: Dar Al Arkan, Saudi Arabia’s largest property developer, said on Monday that it will not need to return to the debt markets to help repay a $1 billion sukuk maturing in 2012 but does not rule out having to make some asset sales.
Analysts fear it might have to raise new debt but the company, which had $293 million in cash at the end of the third quarter, says it is confident that it can generate sufficient cash to pay off the existing debt……………………………………….Full Article: Source