Riyadh, Saudi Arabia — Dar Al Arkan Real Estate Development Company has announced its plan to issue a US dollar-denominated, fixed-rate, senior, unsecured, Shariah-compliant sukuk under Regulation S.
In a statement to Saudi Tadawul, the company confirmed that it appointed a consortium of international banks as joint lead managers and bookrunners. The group includes Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Alkhair Capital, Al Rayan Investment, Arqaam Capital, Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, Mashreq Bank, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank.
Key Details and Timeline
These banks will organize fixed-income investor meetings beginning June 24, 2025. Following these meetings, Dar Al Arkan intends to issue senior, unsecured, fixed-rate sukuk in international markets.
The sukuk will be US dollar-denominated and issued under Regulation S. The process remains subject to regulatory approvals and market conditions.
Proceeds from the issuance will be used for general corporate purposes. The company emphasized that it will comply with all market standards, including FCA and ICMA stabilization rules.
Dar Al Arkan stated that it will disclose further developments in line with market regulations.
The Saudi Standard’s View: Dar Al Arkan Seeks Global Capital for Real Estate Growth
The planned Dar Al Arkan sukuk issuance reflects the company’s strategy to tap global markets for Shariah-compliant financing. Access to international debt markets helps support real estate development across Saudi Arabia.
Investor interest in Dar Al Arkan sukuk issuance highlights the strong appetite for Saudi Islamic bonds among global fixed-income markets. Such offerings allow companies to secure capital while providing exposure to the Kingdom’s property growth.
The broad participation of regional and global banks further underscores the demand for sukuk, particularly dollar-denominated options. For investors, these instruments offer diversification with Islamic-compliant features.
Explore Saudi sukuk market trends and how companies raise capital through Islamic bonds.
Learn more about Saudi Arabia’s real estate sector and the role of corporate financing in property development.
