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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
 
saudi-riyal-sukuk

Saudi development fund to lend Tunisia $220 million

The Saudi Fund for Development will extend a total of about $220 million to Tunisia in low-interest loans, Tunisia's Investment and International Cooperation Ministry said, as the North African country seeks to recover from last year's revolution.

July 14, 2012 9:01
 
http://www.dreamstime.com/-image15247709

Saudi Cement second quarter net profit jumps 36 percent

Saudi Cement Co posted a net profit of 290.2 million riyals ($77.4 million) for the second quarter on Saturday, a rise of 36 percent from a year earlier.

July 14, 2012 8:59
 
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