Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

AlKhair Capital manages Dar Al-Arkan sukuk's last listings  Join our daily free Newsletter

MENAFN - Arab News - 08/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) AlKhair Capital Dubai has claimed success in managing the last listing of sukuk by Saudi property developer Dar Al-Arkan Real Estate & Development Company.

AlKhair Capital Dubai was the financial adviser for the sukuk listings program on Nasdaq Dubai with a total value of 1.15 billion.

The sukuk program in dollars included a 400 million listing the third tranche which was issued last month and orders opened on May 20 2014. The earlier listings included 300 million sukuk issued in November 2013 and a 450 million sukuk issued in May 2013.

The third tranche was issued for five years and will mature on May 28 2019 at a coupon rate of 6.50 percent.

'We are excited about the overwhelming response to the sukuk listings for Dar Al-Arkan from regional and international investors. The company's fundamentals are strong and the market has responded positively to the sukuk offering. This is yet another testimony to the strengths of our business at AlKhair Capital and our relentless pursuit to exceed the expectations of our partners and clients" said Khalid Al-Mulhim CEO of AlKhair Capital.

He added: 'The burgeoning demand for sukuk instruments especially in Dubai is an encouraging sign of the market demand and irrespective potential. We are confident that AlKhair Capital will be able to add value to the industry as a whole with our expertise and specific know-how in this field."

AlKhair Capital announced the opening of its branch at the Dubai International Financial Centre (DIFC) in April this year following the official approval and license from the Dubai Financial Services Authority (DFSA).

The company thus became the first Saudi investment company registered and licensed by the Capital Market Authority in Saudi Arabia to receive a DFSA license to operate in DIFC.


 






  MENA News Headlines
 Jul 28 2014 - Muslims mark sombre Eid in bloodied GazaAFP
(MENAFN - AFP) The end of a month of fasting was supposed to be a time to celebrate for Abeer Shamali. But instead, she spent the Muslim Eid feast at the grave of her teenage son. Fellow mourners ...

 Jul 28 2014 - Radiant During RamadanMuscat Daily
(MENAFN - Muscat Daily) Keep your skin and hair glowing and shiny even as you're fasting in this holy month. Some tips... Moisturise Your skin too gets dehydrated when you fast. It is ...

 Jul 28 2014 - Cream of the CropMuscat Daily
(MENAFN - Muscat Daily) Mahmood Said Humaid al Shibli glances at the wall clock. It's 11am with change, and only two hours to ''go to plate''.  There's crepes to layer, oranges to slice and ...

 Jul 28 2014 - Coaches satisfied with Mansoor's performance at youth sailing worldsMuscat Daily
(MENAFN - Muscat Daily) Despite young Mansoor al Mahrooqi's last-place finish in a field of 57 sailors in the Laser Radial class at the ISAF Youth Sailing World Championship held recently, Oman ...

 Jul 28 2014 - ORT set for Belgian challengeMuscat Daily
(MENAFN - Muscat Daily) Oman Racing Team (ORT), led by Muscat-based racer Ahmad al Harthy, has managed just 12 points over the past three rounds of the 2014 Blancpain Endurance Series. Despite ...

 Jul 28 2014 - Alizz islamic bank reports RO2.6mn lossMuscat Daily
(MENAFN - Muscat Daily) Alizz islamic bank has reported a loss of RO2.6mn for the period ended June 30, 2014 which the bank said, in a disclosure to the Muscat Securities Market, "is in line ...

 Jul 28 2014 - Duqm Airport takes offMuscat Daily
(MENAFN - Muscat Daily) The newly opened Duqm Airport received its first Oman Air flight ahead of schedule on Wednesday with officials saying that the facility will serve as an air transport and ...

 Jul 28 2014 - All you want to know about Oman - on a busMuscat Daily
(MENAFN - Muscat Daily) Highlighting the leadership of His Majesty Sultan Qaboos bin Said, the National Centre for Statistics and Information (NCSI) has launched a new initiative that will see public ...

 Jul 28 2014 - Air fares rise by 35 as travellers rush to make the most of long breakMuscat Daily
(MENAFN - Muscat Daily) Fares of most airlines have gone up due to the increase in demand during Eid al Fitr holidays. The prices of tickets to different destinations have gone up by nearly 35 per ...

 Jul 28 2014 - MoHC invites bid for construction of $250mn Oman Cultural ComplexMuscat Daily
(MENAFN - Muscat Daily) After announcing the appointment of the UK-based international consultancy and construction company, Mace as project manager for the Oman Cultural Complex (OCC), the Ministry ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help