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Saudi Dar Al Arkan Sukuk lists $600mln securities on Nasdaq Dubai

Dar Al Arkan Sukuk Company, a subsidiary of the Saudi Dar Alarkan Real Estate Development Company, has listed $600 million worth of Sukuk on Nasdaq Dubai.

The listing will be under the $2.50 billion Trust Certificate Issuance Programme and is scheduled to mature in 2029, according to a press release.

CEO of the parent company Dar Al Arkan, Andy Raheja, said: “This [listing] marks our 13th issuance and 9th under the programme, a testament to our investors’ unwavering support.”Link: https://www.zawya.com/en/islamic-economy/islamic-finance/saudi-dar-al-arkan-sukuk-lists-600mln-securities-on-nasdaq-dubai-u3ca7akf

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