Dar Al-Arkan raises SAR 1.5 billion from sukuk tranche

22/05/2014 Argaam

Dar Al-Arkan closed the SAR 1.5 billion, third tranche of its sukuk program yesterday, after receiving orders worth SAR 3.75 billion from international and regional markets.

The five-year Shariah-compliant issue renders an annual return of 6.5 percent, and is outstanding on May 28, 2014.

Deal arrangers are Alkhair Capital, Rayan Investment, Al-Hilal Bank, Barwa Bank, Deutsche Bank, Emirates NBD, Goldman Sachs and QInvest

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