15.02.2010 - Dar al-Arkan 'can repay $587mln sukuk'
From Tradearabia.com: Saudi home builder Dar al-Arkan has enough cash to repay 2.2 billion riyals ($586.7 million) worth of an Islamic bond that matures next month, its chief financial officer said on Saturday. Benoit Bellerose was speaking after Saudi Arabia's biggest property developer by market value raised a lower-than-expected $450 million from a new five-year sukuk, or Islamic bond, priced at 10.75 per cent.......................................Full Article: Source
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