ZAWYA-NEWS: Saudi Dar Al Arkan raises $600mln from five-year sukuk priced at 7.25%

DAR ALARKAN

4300.SA

0.00

ALBILAD SOVEREIGN SUKUK ETF

9403.SA

0.00

ALINMA GOVERNMENT SUKUK ETF

9404.SA

0.00

First published: 20-May-2026 10:14:31

Staff Writer

Saudi Arabia’s Dar Al Arkan Real Estate Development Co. has priced $600 million US dollar-denominated, fixed-rate senior unsecured sukuk at 7.25% with 7.375% yield.

The transaction was launched with ITPs in the 7.75% area before tightening on the back of oversubscription, as the final books topped $1.25 billion excluding JLM interest.

Dar Al Arkan appointed Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Al Rayan Investment, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank and Warba Bank as joint lead managers and bookrunners.

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.