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Dar Alarkan Real Estate Development Co. announces intention to issue Shari’a compliant, US$ fixed rate "RegS" Senior Unsecured Sukuk

4300
DAR ALARKAN
-2.16 %
1447/12/01     18/05/2026 08:32:22

Element ListExplanation
Introduction Dar Al Arkan Real Estate Development Co. is pleased to announce its intention to issue Shari’a compliant, US$ fixed-rate "RegS" Senior Unsecured Sukuk.

Dar Al Arkan has mandated Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC , Al Rayan Investment LLC, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank as Joint Lead Managers and Bookrunners to arrange a series of fixed income investor calls, commencing on 18/5/2026.

A Regulation-S US$ fixed-rate benchmark senior unsecured sukuk offering will follow in global markets, subject to applicable rules and regulations and market conditions.

Offer Type Shari’a compliant, US$ fixed rate "RegS" Senior Unsecured Sukuk
Date of the board’s decision 2026-05-11 Corresponding to 1447-11-24
Value of the offer subject to market conditions
The Purpose of the offer General corporate purposes
Approvals Sukuk issuance will be subject to approvals. Relevant stabilisation rules and regulations apply including FCA/ICMA.
Additional Information Dar Al Arkan Company will announce any other relevant material developments in due course as required by the relevant laws and regulations.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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