Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company fully redeemed its $400 million Islamic Sukuk on 7 February 2026.

The number of the redeemed sukuk reached 400,000, according to a bourse filing.

HSBC Bank served as the paying agent and sukuk holders' agent for the transaction.

Meanwhile, the financial impact of this transaction will appear in the first quarter (Q1) of 2026.

The company used its internal resources to pay the sukuk on the due date and transferred the principal to the designated account.

In the first nine months (9M) of 2025, the group’s net profits hiked by 55.15% to SAR 703.57 million from SAR 453.46 million a year earlier.