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English news

03-Oct-2019

Dar Al-Arkan plans to issue USD fixed rate senior unsecured sukuk

Dar Al-Arkan announced it plans to issue USD fixed rate senior unsecured sukuk for general corporate purposes. The company has mandated Alkhair Capital, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, Noor Bank, Standard Chartered Bank and Warba Bank as joint lead managers and book-runners to arrange fixed income investor meetings in the Middle East, London, Singapore and Hong Kong, commencing on 3 October.