Dar Al Arkan, DIFC sukuk
The Dar Al Arkan Real Estate Development Company has listed a $600m sukuk on the Dubai International Financial Centre. The sukuk is the first from a Saudi issuer to list on the DIFX and takes the total number of sukuks listed to six, with a total value of $9bn. The sukuk is solely listed on the DIFX and was sold to investors in Europe, South East Asia and the Middle East.
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