20.02.2012 - Saudi's Dar al-Arkan to repay $990 mln debt this year
Saudi Arabia's biggest property developer, Dar al-Arkan, plans to repay about 3.7 billion riyals ($986.6 million) of debt this year, its chief financial officer said on Sunday. Dar al-Arkan has around 4.6 billion riyals of debt maturing this year, including the $1 billion sukuk, or Islamic bond, maturing in July, 200 million riyals which have been rolled over, and 700 million riyals which is expected to be refinanced through an asset-based facility, Anand Raheja said..............................................Full Article: Source
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