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Alkhair capital, and several international banks, have successfully arranged the best Sukuk deal of the year, in Middle East’s private sector for year 2017. Dar Al-Arkan Real Estate Development Company issued Sukuk of $500m (Apr 2017) due Apr 2022. Dar Al-Arkan won the Private Sector Bond/Sukuk Deal of Year 2017. The award was received during the Bonds, Loans & Sukuk Middle East Awards on the 7th of December in Dubai. The listing of the $500M sukuk on Nasdaq Dubai in April 2017 was 200% oversubscribed. The Sukuk received significant interest from both international and regional market participants. The Managing Director and CEO of Alkhair capital Mr. Khalid Almulhim said that the debt market was active during 2017, especially from government entities, and some semi government companies in the region. Moreover, he expected that the Sukuk issuance will continue at the same momentum during year 2018. Especially from semi government companies and government entities. Mr. AlMulhim, also mentioned that Alkhair capital is currently collaborating with some financing companies, in Saudi Arabia, to arrange for major debt securitization. Alkhair Capital commenced operations in the Kingdom of Saudi Arabia in August 2009, with a paid-up capital of 300,000,000 SAR, it is a closed joint-stock company licensed by Saudi Capital Markets Authority (CMA), to offer full Sharia-compliant services including dealing as principal, agent, underwriting “includes margin lending”, managing, custody, arranging and advising. In 2015 AlKhair Capital acquired the license from Dubai Financial Services Authority (DFSA), and opened Alkhair Capital Dubai at the Dubai International Financial Centre (DIFC), this made AlKhair Capital, the first Saudi Investment Institution registered and licensed by the Saudi Capital Market Authority with licensed operations in DIFC.

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