Dar Al Arkan Redeems $400 Million Islamic Sukuk

DAR ALARKAN 0.00%

DAR ALARKAN

4300.SA

18.20

0.00%

Dar Alarkan Real Estate Development Co. announced on February 8, 2026, that it has completely redeemed its $400 million Islamic Sukuk (ISIN XS2491049651- 2026 SERIES 8MTN), representing 100% of the issuance. The sukuk, originally issued on July 7, 2022, had a par value of $1,000 per sukuk with 400,000 units redeemed. The redemption amount was deposited into sukuk holders' accounts on February 7, 2026, through HSBC Bank, which served as the Paying Agent and Sukuk Holders' Agent. The company used internal resources for the redemption, with financial impact to appear in Q1 2026 results.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93006&anCat=1&cs=4300&locale=ar

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