Thu, Apr 17, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Dar Al Arkan confident can repay $1 bln Sukuk, Arabian says

Posted on 26 March 2012

Dar Al Arkan Real Estate Development Co. is confident it will be able to repay a $1 billion Islamic bond maturing in July, Arabian Business reported, citing the company’s chairman.
Saudi Arabia’s largest property developer has been building up cash reserves to repay the bond and is able to use assets and land as collateral to secure funding in the case of a shortfall, the Dubai-based magazine reported, citing Yousuf Bin Abdullah Al Shelash………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930