Dar Al Arkan closes third Sukuk issuance, raising $200 million

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Sunday 17, May 2009 by

Dar Al Arkan closes third Sukuk issuance, raising $200 million

Dar Al Arkan Real Estate Development Company said it has closed its third Sukuk issuance on 13 May 2009, amounting to SAR 750 million and maturing on 15 April 2014. The annual profit margin is SIBOR (Saudi interbank offered rate) plus four per cent and is payable quarterly.

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