Dar to repay further 2.4 bln riyals debt by 2015; Does not plan to issue new sukuk this year; Expects at least 10 pct profit growth in Q3, Q4; Aims for over 10 pct growth in 2013; No impact from mortgage law this year
July 15, 2012 5:06
Saudi shares end higher on Saturday, led by gains in the real estate sector as major builder Dar al-Arkan soars…
July 15, 2012 9:31
Saudi builder Dar al-Arkan Real Estate Co has transferred $1 billion to Deutsche Bank to repay its Islamic bond, or sukuk, the firm said in a bourse statement on Saturday.
July 14, 2012 9:07
"Dar has taken all the steps for redemption through the principal paying agent," the company said in a statement to Nasdaq Dubai bourse.
July 9, 2012 4:58