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Dar al-Arkan

Dar-al-Arkan

Dar al-Arkan to repay all sukuk by end-2015

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
 
Dar-al-Arkan

Saudi stocks end up; Dar al-Arkan soars on sukuk repayment

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
 
Dar-al-Arkan

Dar al-Arkan repays $1 billion sukuk on Monday

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-al-Arkan

Saudi builder Dar to repay $1billion sukuk on July 16

"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
 
Dar-al-Arkan

Saudi’s Dar al-Arkan second quarter net profit up 11 percent

The firm made a net profit of 331 million riyals ($88 million) in the three months ending June 30, compared with 298 million riyals in the same period a year earlier, it said in a bourse statement on Saturday.

July 8, 2012 9:48