Sun, Oct 26, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Dar Al-Arkan repays SAR 3.75 bln ($1 bln) Sukuk due 16 July 2012

Posted on 16 July 2012

Dar Al-Arkan Real Estate Development Company has announced repayment of its Sukuk II, which is due on Monday 16 July 2012, and amounts to SAR 3.75 billion ($1bn). The company transferred the total principal sum to Deutsche Bank (the principal paying agents) on Thursday 12 July 2012 and the Sukuk account holders will receive funds on Monday 16 July 2012.
This second Sukuk was part of Dar Al-Arkan’s Islamic structured debt programme (Sukuk program), initiated in 2007. The aim of the programme was to provide high quality long term external financing to complement the company’s internal cash flow at a time of strong growth in the Saudi real estate market………………………………………..Full Article: Source

 
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
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031