Saudi company lists largest sukuk in Labuan


  • Business
  • Wednesday, 01 Aug 2007

KUALA LUMPUR: Dar Al-Arkan International Sukuk Co yesterday listed its US$1bil Sukuk Al-Ijara on the Labuan International Financial Exchange (LFX) to finance housing projects in Saudi Arabia. 

Dar Al-Arkan group managing director Abdullatif Abduallah Al-Shelash said the Islamic bond was arranged on behalf of Dar Al-Arkan Real Estate Development Co, one of the country’s leading developers. 

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