Saturday, Mar 06, 2010
RIYADH (Zawya Dow Jones)--Saudi developer Dar Al Arkan Real Estate Development Co. said Saturday it paid 2.25 billion Saudi riyals ($600 million) to investors holding Islamic bonds, or sukuk, which were due March 7.
MAIN FACTS:
- The company transferred $600 million to Deutsche Bank on March 4 for distribution to investors on March 8.
- Dar Al Arkan raised $450 million last month in a 5-year sukuk that is scheduled to pay a 10.75% annual coupon.
-By Riyadh Bureau, Dow Jones Newswires; +96655 622-1334; mohammed.sergie@dowjones.com
Copyright (c) 2010 Dow Jones & Co.
(END) Dow Jones Newswires
06-03-10 0741GMT
