DUBAI: Saudi Arabia's Dar Al Arkan Real Estate Development Co has picked six banks to arrange investor meetings ahead of a possible Islamic bond offering, the company said in a bourse statement on Monday.
The dollar-denominated sukuk issue will be the first from a programme which could see several tranches offered over a 12-month period to fund the company's projects, the statement said.
Dar Al Arkan has picked Bahrain-based Bank Al Khair, Deutsche Bank, Emirates NBD, Goldman Sachs and Qatari pair Masraf Al Rayan and QInvest to arrange the meetings, it added. (Reuters)
