Saudi Dar Al Arkan mandates bank ahead of sukuk offering-document – ZAWYA
- Date: 17-Feb-2020
- Source: Zawya
- Sector:Financial Services
- Country:Saudi Arabia
Saudi Dar Al Arkan mandates bank ahead of sukuk offering-document – ZAWYA
Saudi Dar Al Arkan mandates bank ahead of sukuk offering-document. DUBAI- Saudi Arabia's Dar Al Arkan Real Estate Development Co has mandated banks to arrange meetings with fixed-income investors from Monday in the United Arab Emirates and London ahead of a planned 7-year sukuk issuance, a lead manager said.. The Saudi company has hired Alkhair Capital, Citigroup, Deutsche Bank , Dubai Islamic Bank , Emirates NBD Capital, Mashreqbank , Nomura , Standard Chartered Bank and Warba Bank as joint lead managers and bookrunners, the lead manager said in a document seen by Reuters..