Monday 28 July 2014
 
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Dar Al Arkan

Dar Al Arkan lists $1.1bn sukuk in Nasdaq Dubai

Saudi Arabia-based Dar Al Arkan Real Estate Development Company has listed three sukuks totalling Dh4.22 billion ($1.1 billion) on Nasdaq Dubai.   The listings from the prominent Saudi Arabian property developer

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Dar Al Arkan lists $1.1bn sukuk in Nasdaq Dubai

Saudi Arabia-based Dar Al Arkan Real Estate Development Company has listed three sukuks totalling Dh4.22 billion ($1.1 billion) on Nasdaq Dubai.   The listings from the prominent Saudi Arabian property developer

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Dar Al Arkan raises $400m from sukuk issue

Saudi Arabia's Dar Al Arkan Real Estate Development raised $400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.

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Dar Al Arkan Q1 profit rises 4.3pc

Saudi Arabian real estate firm Dar Al Arkan reported a 4.3 percent increase in first-quarter net profit on Thursday, beating analyst forecasts, on the back of higher sales of its developed properties. The kingdom's largest lis

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Dar Al Arkan buys back bulk of $200m sukuk

Saudi Arabia's Dar Al Arkan Real Estate Development Co said on Monday it had repurchased 87 per cent of its SR750 million ($200 million) Islamic bond due to mature in April. The purchase of SR650 million worth of the paper was

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Saudi housing sector to stay strong

The supply of housing in Saudi Arabia may lag demand for at least the next five years, creating lucrative opportunities for developers who can benefit from rapid population growth and a new mortgage law, the chairman of the kingdom's largest

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Dar Al Arkan Q3 profit down 17pc

Saudi Arabia's Dar Al Arkan, the kingdom's largest property developer, said its third-quarter net profit fell by 17 per cent, in line with analysts' expectations. The firm made SR183.3 million ($48.9 million) in the th

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Dar Al Arkan Q2 net slumps 69pc on lower sales

Saudi Arabia's Dar Al Arkan Real Estate Development Co missed the average view of analysts when it reported a 68.7 percent drop in second-quarter net profit on Thursday, citing lower properties sales. The developer made a net

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Dar Al Arkan raises $450m from sukuk sale

Saudi Arabia's Dar Al Arkan Real Estate Development Company has announced the launch of a SR2.8 billion ($750 million) International Islamic Sukuk Programme, in multiple tranches over a twelve month period. The order book for the fi

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Dar Al Arkan raises $450m from sukuk sale

Saudi Arabia's Dar Al Arkan Real Estate Development Company has announced the launch of a SR2.8 billion ($750 million) International Islamic Sukuk Programme, in multiple tranches over a twelve month period. The order book for the fi

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