| Element List | Explanation |
|---|---|
| Introduction | Dar Al Arkan real Estate Development company is pleased to announce that it is has completely redeemed its $600 million Sukuk ISIN X2066049219 - 2025 SERIES 6 MTN |
| Offer Type | Islamic Sukuk Amounting to $600 Million |
| Value of the redeemed (sukuk\ bonds) | 600 Million US Dollar |
| Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) | 100 % |
| Number of redeemed (bonds/sukuk) | 3000 |
| Issuance Date | 2019-10-15 Corresponding to 1441-02-16 |
| Trading End Date | 2025-02-15 |
| Sukuk Par Value at Redemption Date | 200,000 US Dollar |
| Total issuance value after redemption | Nil US Dollar |
| Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts | 2025-02-17 Corresponding to 1446-08-18 |
| Name of the Entity Responsible for the Deposit and Contact Details | HSBC Bank (Paying Agent and Sukuk Holders' Agent) |
Email: ctla.payingagency@hsbc.com
DAAR Company would like to thank its investor base, specially all the Sukuk-holders who participated in this transaction, for repeatedly placing their trust in DAAR Company, its Board, and its executive management.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.