Amna Assem

Saudi Arabia’s Dar Al Arkan Real Estate Development Company, listed on the Tadawul stock exchange, plans to issue senior unsecured dollar-denominated bonds at a fixed rate, according to a company statement to the exchange on Monday.

According to the statement, the company aims to use the issuance for general corporate purposes, while the value of the offering has not been determined as it is dependent on market conditions.

The company has appointed Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Al Rayan Investment, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, Mashreq Bank, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank as lead bookrunners and potential bookrunners.

The banks are scheduled to arrange a series of meetings with fixed-income investors starting on Monday, according to the statement.

About Dar Al Arkan Company

(According to its official website and official data)

- It was founded in 1994, is headquartered in Riyadh, and was listed on the Saudi Stock Exchange in 2007.

- Works in Saudi Arabia, the UAE, Oman, Qatar, Spain, Britain, and Bosnia and Herzegovina.

- It works in real estate investment, real estate finance, and financial services.

Its assets amounted to approximately 41.6 billion riyals ($11.1 billion) by the end of 2025.

- During the first quarter of this year, the company’s net profit increased by 24.3% year-on-year, recording 260.2 million riyals during the first quarter of 2026 compared to the same period last year, supported by an increase in real estate sales.

(Prepared by: Omnia Assem, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com )

#Economic News

To subscribe to our weekly report covering economic news developments, register here.