The listing brings Dar Al-Arkan’s total Sukuk value listed on Nasdaq Dubai to two billion US dollars, following the listing of a USD600 million Sukuk in October 2019 and listings of two USD500 million Sukuks in 2017 and 2018.

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Dar Al-Arkan’s activities include residential, mixed use and commercial developments in Riyadh, Jeddah, Mecca and Medina and other cities across in Saudi Arabia, as well as the ‘I Love Florence Tower’ in Downtown Dubai.

The company’s latest Sukuk underlines Dubai’s expanding role as one of the largest global centres for Sukuk listings by value with a current total of 66.355 billion US dollars

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