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From Menareport.com: Unicorn Investment Bank (Unicorn), the Bahrain-based financial services group, announces the successful close of a US$450 million 5-year Sukuk on behalf of Dar Al-Arkan Real Estate Development Company (Dar Al-Arkan), a leading residential real estate developer in the Kingdom of Saudi Arabia.
The Sukuk, which offers a yield of 11%, will be used to finance the company’s current and future development projects……………………………………Full Article: Source
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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more
Landmark Dar Al-Arkan Sukuk successfully closes at US$450 mln
| Posted on 26 February 2010 |
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