Saudi's Dar Al Arkan raises $400 mln from sukuk issue

DUBAI, May 22 (Reuters) - Saudi Arabia&aposs Dar Al Arkan Real Estate Development Co 4300.SE raised $400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.The developer attracted a final order book of more than $1 billion for its five year sukuk, it said in a regulatory filing.Final prici