On May 18, 2026, Dar Al Arkan Real Estate Development Co. announced its intention to issue Shari'a compliant, US dollar fixed-rate "RegS" Senior Unsecured Sukuk following a board decision made on May 11, 2026. The company has mandated twelve financial institutions including Abu Dhabi Commercial Bank, J.P. Morgan, and Standard Chartered Bank as Joint Lead Managers and Bookrunners, with investor calls commencing on May 18, 2026. The offering value remains subject to market conditions, and proceeds will be used for general corporate purposes. The sukuk issuance is subject to regulatory approvals and will follow in global markets under applicable rules and regulations.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.