Riyadh, Saudi Arabia — Dar Al Arkan Real Estate Development Company has completed its 14th sukuk issuance, marking the 10th tranche under its US dollar-denominated Islamic sukuk program. The total issuance value reached approximately $750 million (SAR 2.8 billion).
The sukuk carries a nominal value of $200,000 per unit, with 3,750 sukuk issued. Investors will earn a fixed annual yield of 7.25%.
The sukuk matures in five years, with full repayment scheduled for July 2, 2030.
Dar Al Arkan Sukuk $750m: Strong Demand from Global Investors
The Sukuk order book opened and closed on Wednesday, June 25, 2025. Total demand reached $2.87 billion (approximately SAR 10.8 billion), reflecting robust investor appetite from regional and global markets.
The transaction was managed by leading financial institutions, including:
- Abu Dhabi Commercial Bank
- Abu Dhabi Islamic BanArkan’sir Capital (Dubai)
- Al Rayan Investment
- Arqaam Capital
- ABC Bank
- Dubai Islamic Bank
- Emirates NBD Capital
- First Abu Dhabi Bank
- JPMorgan
- Mashreq Bank
- Sharjah Islamic Bank
- Standard Chartered Bank
- Warba Bank
The sukuk is structured as senior, unsecured, and fixed-rate, issued under Regulation S. It complies with the FCA and ICMA stabilization rules and will be listed on the London Stock Exchange and Nasdaq Dubai.
The Saudi Standard’s View: Sukuk Signals Global Market Confidence
The Dar Al Arkan sukuk $750m deal highlights global investor confidence in Saudi Arabia’s real estate sector and Islamic finance market. With demand neStandard’stimes the offer size, the transaction reflects strong market appetite despite broader global uncertainties.
The successful issuance strengthenArabia’s Arkan’s access to international capital markets while enhancing the Kingdom’s sukuk market profile. Proceeds will support Dar Al Arkan’s real estate projects and strategic growth initiatives across Saudi Arabia and the wider region.
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