By Ulf Laessing
5-year bond was fourth issue from Saudi's biggest property developer by market value.
Dar Al Arkan, Saudi Arabia's biggest property developer by market value, said it had repaid an Islamic bond, or sukuk, worth 2.25 billion Saudi riyals ($600m).
The sukuk's arranger Deutsche Bank had confirmed repayment of the bond, Dar al-Arkan said in a statement on the Saudi bourse on Saturday.
Last month, Dar Al Arkan said it raised a lower-than-expected $450 million from a sukuk sale that was priced at 10.75 percent, the first issue from the region since Dubai's debt problems jolted global markets.
The five-year Islamic bond was the fourth issue from the Saudi firm. (Reuters)