From Bloomberg: Dar Al Arkan Real Estate Development Co., Saudi Arabia’s biggest property company by market value, may issue a five-year fixed-rate Islamic bond, said a banker with knowledge of the sale.

The so-called benchmark-size sukuk may be priced to yield in the 10 percent area, said the banker, who declined to be identified before the transaction is complete. A benchmark offering is usually $500 million or more…………………………………….Full Article: Source