Sunday 15, July 2012 by Robin Amlôt

Dar Al-Arkan repays SAR 3.75 billion ($1 billion) Sukuk due 16 July 2012

Dar Al-Arkan Real Estate Development Company has announced repayment of its Sukuk II, which is due on Monday 16 July 2012, and amounts to SAR 3.75 billion ($1bn). The company transferred the total principal sum to Deutsche Bank (the principal paying agents) on Thursday 12 July 2012 and the Sukuk account holders will receive funds on Monday 16 July 2012. 

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