Dar Al Arkan completes the issuance of international sukuks worth 2.25 billion riyals
Dar Al Arkan Real Estate Development Company announced the successful closing of its fifteenth issue of Sukuks. This issuance is considered the eleventh tranche of the Islamic Sukuk program denominated in US dollars, which is worth 2.25 billion riyals (600 million US dollars).
The company said in a statement on its website "Saudi Arabia trading": The opening of the order book for the sukuk was on Tuesday, May 19, 2026 and was closed on the same day.
She added that the maturity period is over a period of five years with a profit rate of 7.25% annually. The issuance received great interest from participants in regional and international markets, as the order book reached 5.61 billion riyals (1.50 billion US dollars). Dar Al Arkan appointed Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Al Rayan Investment, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, Mashreq Bank, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank to manage the issuance. Eleventh slide.
She explained that the sukuks are compatible with Islamic Sharia and denominated in US dollars, with priority, unsubsidized, at a fixed rate, and in accordance with the (RegS) system.
She indicated that the total number of sukuks is 3 thousand, with a nominal value of the sukuk of 200 thousand dollars, while the sukuk yield is 7.25%, while the maturity period of the sukuk will be May 26, 2031.
It noted the full refund upon maturity.
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