Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company has closed its 15th issuance of sukuk, the eleventh tranche Sukuk issuance under its USD-denominated Islamic Sukuk program with a size of SAR 2.25 billion ($600 million).
The order book for the Sukuk was opened on 19 May 2026 and closed on the same day, holding a five-year tenor at a profit rate of 7.25% per annum.
The issuance received significant interest from regional and international market participants with the order book reaching SAR 5.61 billion ($1.50 billion), according to a bourse disclosure.
Dar Al Arkan recently unveiled plans to issue fixed-rate RegS senior unsecured Sukuk.
