Dar Alarkan Real Estate Development Co. announces the completion of issuing Shari’a compliant, US$ fixed rate "RegS" Senior Unsecured Sukuk

Element List	Explanation
Introduction	DAR is pleased to announce the successful closing of its 15th issuance of sukuk which is a eleventh tranche Sukuk issuance under its USD denominated Islamic Sukuk Programme with a size of SAR 2.25 billion (USD 600 million). The order book for the Sukuk was opened on Tuesday 19 May 2026 and closed on the same day. With a 5-year tenor at a profit rate of 7.25 % per annum. The issuance received significant interest from regional and international market participants with the order book reaching SAR 5.61 billion (US$ 1.50 billion). Dar Al Arkan has appointed Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Al Rayan Investment LLC, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank PJSC, J.P. Morgan, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank and Warba Bank to manage the eleventh tranche issuance.
Offer Type	Shari’a compliant, US$ fixed rate "RegS" Senior Unsecured Sukuk
Value of the offer	SAR 2.25 billion (USD 600 million)
Total number of (Bonds/Sukuk)	3,000
Par Value (Bonds/Sukuk)	US$200,000
Return (Bonds/Sukuk)	7.25% per annum
Maturity (Bonds/Sukuk)	26 May 2031
Terms of Redemption	Full redemption on maturity
Additional Information	The stabilisation rules of the Financial Conduct Authority (FCA) in London and the International Capital Market Association (ICMA) will also apply to the issuance. The bonds will be listed on the London Stock Exchange and Nasdaq Dubai.