Dar Al-Arkan Real Estate Development Company (“Dar Al-Arkan”), a leading real estate developer in the Kingdom of Saudi Arabia (the “Kingdom”), recently issued US$450,000,000 certificates due 2015 through Dar Al-Arkan International Sukuk Company II (a Cayman Islands special purpose vehicle) (the “Issuer”).
Linklaters advised the Joint Lead Managers on this landmark sukuk issue.
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