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Saudi’s Dar Al Arkan raising $750mln in Islamic bonds

Posted on 11 February 2010

From Arabianbusiness.com: Dar Al Arkan Real Estate Development Co, Saudi Arabia‚Äôs biggest property company by market value, is in the process of raising $750m in an Islamic bond sale, Deutsche Bank’s Chief Executive Officer for the Middle East Henry Azzam said in Dubai on Wednesday.

According to a Bloomberg report, Goldman Sachs Group, Deutsche Bank and Unicorn Investment Bank are managing the transaction, two bankers said last month, who declined to be identified before the deal is complete………………………………….Full Article: Source

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