“Dar Al -Arkan” announces a $ 600 million bonds.

Dar Al -Arkan Real Estate Development Company has announced the full recovery of Islamic bonds for $ 600 million (the sixth tranche, the international definition number XS2066049219).
The company said in a statement on Saudi Arabia’s circulation: The recovery rate of the total version is 100%, while the total number of sukuk is 3000.
She added that the date of version 1441-02-16 corresponding to 10-15-15, noting that the date of its disruption is 1446-08-16.
She explained that the nominal value of the instrument at the recovery is $ 200,000.
She noted that the date of depositing the amounts in the accounts of (Sukuk) holders 1446-08-18 corresponding to 2025-02-17.
She noted that the authority responsible for the deposit and methods of communication: HSBC Bank (the payment agent and the agent of the Sukuk holders).