{"id":98242,"date":"2025-06-29T00:00:00","date_gmt":"2025-06-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/29\/dar-al-arkans-usd-750-mn-sukuk-issuance-sees-strong-demand\/"},"modified":"2025-06-29T00:00:00","modified_gmt":"2025-06-29T00:00:00","slug":"dar-al-arkans-usd-750-mn-sukuk-issuance-sees-strong-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/29\/dar-al-arkans-usd-750-mn-sukuk-issuance-sees-strong-demand\/","title":{"rendered":"Dar Al Arkan\u2019s USD 750 mn sukuk issuance sees strong demand"},"content":{"rendered":"

Dar Al Arkan<\/a><\/strong>Real Estate Development<\/a><\/strong> raised USD 750 mn (SAR 2.8 bn) in its latest sukuk <\/strong>issuance<\/strong>, attracting some USD 2.9 bn (SAR 10.8 bn) in orders with a 3.9x oversubscription rate, it said in a disclosure to Tadawul<\/a> on Thursday. The company was sounding out the market last week<\/a> for a USD-denominated senior unsecured sukuk sale to meet its general corporate needs.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The details:<\/strong> The company issued some 3.7k sukuk, each carrying a USD 200k nominal value and a 7.25% fixed annual yield, paid semi-annually until maturity on 2 July 2030. The sukuk will be listed on both the London Stock Exchange and Nasdaq Dubai.<\/p>\n

REMEMBER-<\/strong> The sukuk\u2019s yield came <\/a>0.5 percentage points<\/a>lower than the initial pricing at<\/a>7.75%<\/a>. The Reg S and shariah-compliant sukuk \u2014 structured as an ijara-commodity murabaha \u2014 were expected to be rated B1 by Moody\u2019s<\/a>.<\/p>\n

ADVISORS-<\/strong> Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Alkhair Capital - Dubai, Al Rayan Investment, Arqaam Capital, Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, JP Morgan, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank were joint lead managers and bookrunners on the transaction.<\/p>\n

\n

\n

Al Qeman wraps offering early:<\/strong> Nomu-listed Al Qe<\/a>mam for Computer Systems<\/a> closed subscription for its SAR 4 mn sukuk issuance opened for subscription on 25 June<\/a>, it said in a disclosure<\/a> last Thursday. The offering \u2014 initially open for subscription until 25 August \u2014 is valued at SAR 1k per note.<\/p>\n

ADVISORS-<\/strong>Sukuk Financial Company was the sole arranger on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offering matures in July 2030, with a 7.25% yield annually<\/p>\n","protected":false},"author":1,"featured_media":98243,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[2441,57,10,277,4360,118],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-ksa","tag-london-stock-exchange","tag-nasdaq-dubai","tag-sukuk","wpautop","entry"],"acf":{"mongo_id":"e3b2d428-673a-4fc7-88ec-0dce1f27b8a4","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1767.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dar Al Arkan raises USD 750 mn in latest sukuk issuance","related_issue":[98232],"teaser":"The offering matures in July 2030, with a 7.25% yield annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.02eaa884-895c-4bba-bc68-eadf500c74f6.mp3"},"yoast_head":"\nDar Al Arkan\u2019s USD 750 mn sukuk issuance sees strong demand - 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