On May 20, 2026, Dar Alarkan Real Estate Development Co. announced the successful completion of its 15th sukuk issuance, raising SAR 2.25 billion (USD 600 million) through Shari'a compliant, US$ fixed rate "RegS" Senior Unsecured Sukuk. The 5-year sukuk, comprising 3,000 certificates with a par value of US$200,000 each, offers a profit rate of 7.25% per annum and matures on May 26, 2031. The issuance attracted strong investor demand with an order book reaching SAR 5.61 billion (US$ 1.50 billion), and the sukuk will be listed on the London Stock Exchange and Nasdaq Dubai. Eleven financial institutions, including J.P. Morgan, Standard Chartered Bank, and several regional banks, managed this eleventh tranche under the company's USD-denominated Islamic Sukuk Programme.

Original announcement:

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