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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Saudi’s Dar Al Arkan refutes ‘crisis’ claims

Posted on 01 March 2012

Dar Al Arkan Real Estate Development Co said it’s in compliance with regulatory requirements and on track to meet payments, including Islamic bonds due in July.
Saudi Arabia’s second-biggest property company by market value responded to questions from Bloomberg News after a website by the name of “Dar Al Arkan in Crisis” said it had “prepared an archive of information and evidence which details a series of fraudulent actions, regulatory breaches and corporate malpractice.”……………………………………….Full Article: Source

 
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