“Dar Al-Arkan” is studying the issue of sukuk in dollars for a period of 3 years

Dar Al-Arkan is considering offering bonds in unsecured dollars or (senior sukuk not guaranteed) with one size record of $ 500 million and a fixed return for 3 years.

Dar Al Arkan has appointed Al Khair Capital, Deutsche Bank and JP Morgan and Standard Chartered, as well as Emirates NBD Capital, Qatar Islamic Bank and other local and international banks in quality of lead manager of the offer.

Interestingly, Dar Al-Arkan was rated B1 by Moody’s, a credit rating agency with a stable outlook.

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