Dar Al-Arkan repays SAR 1.7 bln sukuk

22/05/2018 Argaam

 

Dar Al-Arkan Real-Estate Development Co. has completed repaying 2018 series 1 mtn sukuk worth SAR 1.7 billion ($450 million), due on May 24, 2018, the company said in a bourse statement.


The real estate developer partially repurchased sukuk worth SAR 381 million in 2017 and 2018, while Islamic bonds worth SAR 1.3 billion have remained. 

 

The remaining amount and profit were transferred to the related account, and sukuk account holders will receive funds on May 24, the statement added.

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