DUBAI, May 20 (Reuters) - Saudi Arabia's Dar Al Arkan Real Estate Development Co 4300.SE is aiming to sell a benchmark-sized Islamic bond, or sukuk, this week after announcing initial price thoughts for the dollar-denominated deal, a document from lead managers said on Monday.

The five-year deal is currently earmarked to price in the area of 6.25 percent, the document said. Benchmark-sized is typically understood to be at least $500 million.

Earlier, Dar Al Arkan announced to the Saudi stock exchange that it would commence meetings with fixed income investors on Monday ahead of a possible sukuk issue. ID:nL6N0E10AP

Dar Al Arkan has picked Bahrain-based Bank Al Khair, Deutsche Bank DBKGn.DE , Emirates NBD ENBD.DU , Goldman Sachs

GS.N and Qatari pair Masraf Al Rayan MARK.QA and QInvest to arrange the meetings.

(Reporting by David French; Editing by Rachna Uppal)

((davidj.french@thomsonreuters.com)(+971 4 362 5864)(Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))

Keywords: SAUDI DARALARKAN/SUKUK