Saudi Arabian real estate developer Dar Al Arkan is set to raise USD600mn through an issuance of sukuks, a document issued by one of the banks leading the deal showed Wednesday. The paper, which is due in 2025 and which has attracted orders of more than USD1.6bn, offers a profit rate of 7% down from an initial price guidance of 7.25% to 7.375% issued earlier on Wednesday.
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