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Dar Al Arkan kicks off sukuk roadshow

: Monday, May 19 - 2014 @ 18:15

The Saudi Arabian stock market Tadawul saw its market index falling by 0.90 per cent to close at 9,724.75 points. The shares of Dar Al Arkan Real Estaet Development gained against the trend, closing 0.76 per cent higher at SAR14.60. Earlier in the day, the property giant revealed that, further to the announcements May 20, 2013, with respect to the establishment of an Islamic bonds (sukuk) programme, and on November 17, 2013, with respect to the extension of the maturity of the programme until November 2014, it will start meetings with international sukuk investors on Tuesday, May 20, 2014. An issuance of sukuk under the programme may follow the meeting, subject to market conditions.

Gérard Al-Fil

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Monday, May 19- 2014 @ 18:15 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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