Quotes: 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 ofring. 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.


Arab News

  MENA News Headlines
 Nov 30 2015 - Kuwait oil minister leaves post days before Opec meetingGulf Times
(MENAFN - Gulf Times) Kuwait named Deputy Prime Minister Anas al-Saleh as acting oil minister to replace Ali al-Omair (pictured) who became minister of public affairs and retained his role as state ...

 Nov 30 2015 - Dana Gas wins $1.98bn Kurdistan judgementGulf Times
(MENAFN - Gulf Times) ...

 Nov 30 2015 - India's SpiceJet 'receives' interest from Gulf airlinesGulf Times
(MENAFN - Gulf Times) Indian budget carrier SpiceJet Ltd, which has surged more than 280% this year, said it's received interest from Gulf airlines looking to acquire a stake."Some of the Gulf ...

 Nov 30 2015 - Qatar- Investment in healthcare makes for a healthy economyGulf Times
(MENAFN - Gulf Times) Under the wise and dynamic leadership of His Highness the Emir, Sheikh Tamim bin Hamad al-Thani, the growth and improvement in quality of Qatar's health sector has been a major ...

 Nov 30 2015 - GCC should adopt a holistic approach to managing urban water supply: ExpertGulf Times
(MENAFN - Gulf Times) The GCC (Gulf Cooperation Council) region should adopt a holistic approach to managing urban water supply, according to an expert at the Qatar Environment and Energy Research ...

 Nov 30 2015 - Brent crude dips on firm dollar ahead of OPEC meetingGulf Times
(MENAFN - Gulf Times) Brent crude futures dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected US interest rate hike strengthened the ...

 Nov 30 2015 - India- Kerala expects more tourists from the GulfGulf Times
(MENAFN - Gulf Times) Encouraged by the response it received at the Arabian Travel Mart held in Dubai in May, Kerala Tourism is conducting a series of roadshows in the Gulf region.The tourism board ...

 Nov 30 2015 - Carson meets Syrian refugees, opposes them coming to USGulf Times
(MENAFN - Gulf Times) Republican presidential candidate Ben Carson, who last week compared Syrian refugees to "rabid dogs," met with refugees in Jordan on Saturday and urged the US government to do ...

 Nov 30 2015 - IS executes 3,500 in Syria since declaring 'caliphate'Gulf Times
(MENAFN - Gulf Times) The Islamic State group has executed more than 3,500 people in Syria, including nearly 2,000 civilians, since declaring its 'caliphate' in June last year, a monitor said ...

 Nov 30 2015 - 16 killed in fighting for south Yemen provinceGulf Times
(MENAFN - Gulf Times) Yemeni loyalists supported by a Saudi-led coalition battled on Sunday to oust Iran-backed rebels from a southern province where they have made gains in recent weeks, with at ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help