Posts Tagged ‘Dar’
Dar Al-Arkan Real Estate Development Company, a residential real estate developer in the Kingdom, announced on Tuesday that it has successfully redeemed its inaugural sukuk issue of March 2007.
Issued by DAAR International Sukuk Company, the la
Investment Dar Co., the Kuwait- based owner of half of Aston Martin Lagonda Ltd., said it may seek recourse to the country’s Financial Stability Law as part of its restructuring plan.
“Since majority agreement to the proposed restructuring pla
Dar Al-Arkan Real-Estate Development Company announces repayment of its Sukuk due 7th of March 2010 amounting to SAR 2,250,000,000 (US$ 600,000,000). The Company transferred the total value of principal amounts to the principal paying agent (Deutsche Bank
Kuwait’s troubled shareholding company Investment Dar is refusing to pay Lebanon’s Blom Bank $10.7mn, saying that their original deal did not comply with Islamic law, in a move that could pressure the Islamic finance industry.
Dar’s charter pro
Standard & Poor’s Ratings Services said today that its long-term corporate credit rating on Saudi homebuilder Dar Al Arkan (DAAR; BB-/Stable/–) remained unchanged following the company’s issue of its US$450 million sukuk notes.
We believe thi
Real estate company Dar Al-Arkan on Tuesday concluded deals valued at SR1 billion with local companies to set up the Riyadh Shams project in the capital.
Saud Al-Gusayer, director general of Dar Al-Arkan, said the first stage of the housing pro
Saudi home builder Dar Al-Arkan said it raised a lower-than-expected $450 million from a sukuk sale that was priced at 10.75 percent, the first issue from the region since Dubai’s debt problems jolted global markets.
The five-year Islamic bond
Unicorn Investment Bank (Unicorn), the Bahrain-based financial services group, announces the successful close of a $450m 5-year Sukuk on behalf of Dar Al-Arkan Real Estate Development Company (Dar Al-Arkan), a leading residential real estate developer in
Dar Al-Arkan Real Estate Development Co, Saudi Arabia’s 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 Wednesda
Saudi Arabia’s Dar Al Arkan Real Estate will likely issue a five-year fixed rate Islamic bond worth between $500m-$750 million by the end of the week, two bankers with knowledge of the deal said yesterday.
The Islamic bond, or sukuk, could be p
