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Prospect News home > News index > List of issuers D > Headlines for Dar Al-Arkan Real Estate Development Co. > News item
Published on 12/23/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Dar Al-Arkan repurchases SR 650 million of sukuk due April 15, 2014

By Tali David

Minneapolis, Dec. 23 - Dar Al-Arkan Real Estate Development Co. repurchased SR 650 million of its SR 750 million local Islamic sukuk maturing on April 15, 2014, according to a filing with the London Stock Exchange.

This partial repayment ahead of the scheduled redemption date is in line with Dar Al Arkan's strategy to manage its liabilities efficiently and to fulfill its commitments proactively.

The developer is based in Riyahdh.


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