10.07.2012 - Dar Al-Arkan announces the final coupon distribution to its Sukuk II holders
Dar Al-Arkan Real Estate Development Company ( DAAR ) announces the final periodic coupon distribution amounting to USD 6,867,087.50 for the period 17/04/2012 till 16/07/2012. The periodic coupon distribution is based on 3 Month Libor (0.46665 calculated on 16/04/2012) plus a profit margin of 2.25%. in regards to the principal amount repayment, DAAR has taken all the steps for redemption through the principal paying agent. The redemption amounts will be distributed to the Sukuk holders on Monday the 16th of July 2012. (Press Release)