Dar Al-Arkan may sell assets to cover debt
Dar Al-Arkan stated that it will not be necessary to return to the debt markets to help repay a $1 billion sukuk maturing in 2012 but does not rule out having to make some asset sales.
Dar Al-Arkan’s 2012 sukuk last traded at 82 percent of par value.
Up to $100 billion in corporate debt needs to be refinanced in the Gulf Arab region in 2011. That's why it is harder to refinance debt maturing afterward.