| Element List | Explanation |
|---|---|
| Introduction | Dar Alarkan Real Estate Development Co. is pleased to announce its intention to issue Shari’a-compliant, US$ fixed-rate "RegS" Senior Unsecured Sukuk. Dar Al-Arkan has mandated Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Alkhair Capital, Al Rayan Investment LLC, Arqaam Capital, Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank as Joint Lead Managers and Bookrunners to arrange a series of fixed income investor calls, commencing on 24/6/2025. A Regulation S US$ fixed-rate benchmark senior unsecured sukuk offering will follow in global markets, subject to applicable rules and regulations and market conditions. |
| Offer Type | Shari’a-compliant, US$ fixed rate "RegS" Senior Unsecured Sukuk |
| Date of the board’s decision | 2025-05-29 Corresponding to 1446-12-02 |
| Value of the offer | subject to market conditions |
| The Purpose of the offer | General corporate purposes |
| Approvals | Sukuk issuance will be subject to approvals. Relevant stabilisation rules and regulations apply including FCA/ICMA. |
| Additional Information | Dar Al Arkan Company will announce any other relevant material developments in due course as required by the relevant laws and regulations. |
