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Saudi’s Dar al-Arkan to repay $990 mln debt this year

Posted on 20 February 2012

Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay about 3.7 billion riyals ($986.6 million) of debt this year, its chief financial officer said on Sunday.
Dar al-Arkan has around 4.6 billion riyals of debt maturing this year, including the $1 billion sukuk, or Islamic bond, maturing in July, 200 million riyals which have been rolled over, and 700 million riyals which is expected to be refinanced through an asset-based facility, Anand Raheja said……………………………………….Full Article: Source

 
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