Thursday 24 April 2014
 
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Dar al-Arkan

Dar Al-Arkan Q1 net profit down 18.8pc

  Saudi Arabia's top real estate developer Dar Al-Arkan said on Wednesday its first quarter net profit fell 18.8 percent from the same period last year to 238 million riyals ($63.5 million), although it still beat analyst for

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Dar al-Arkan Q3 net profit misses forecast

Saudi property developer Dar al-Arkan made a third-quarter net profit of SR221 million ($59 million), compared with a forecast for SR243.5 million in a Reuters poll. Dar al-Arkan said earnings fell 33 per cent from the second quar

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Dar al-Arkan to repay $1bn bond

Saudi builder Dar al-Arkan Real Estate Company on Monday said it will repay a $1 billion Islamic bond (sukuk), at maturity on July 16. 'Dar has taken all the steps for redemption through the principal paying agent,' the company sai

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Dar Al-Arkan confident of repaying $1bn sukuk

Saudi builder Dar Al-Arkan  is able to repay a $1 billion Islamic bond due this year and will not seek government aid, a top executive said, rejecting allegations that the company may struggle to pay its debts. Dar, the kingdom's larg

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Dar al-Arkan profit drops on low sales

Dar al-Arkan, Saudi Arabia's biggest property developer, reported a 31.4 percent drop in second quarter net profit on declining sales, missing forecasts. Dar al-Arkan made a net profit of 297.8 million riyals  ($79.4 million) in the

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Dar Al-Arkan Q1 net profit falls 31.5pc

Dar Al-Arkan, Saudi Arabia's biggest property developer, reported a 31.5 percent drop in the first-quarter net profit, the firm said in a bourse statement on Wednesday.    Dar Al-Arkan made 273 million riyals ($72.8 million

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Dar Al-Arkan posts 29pc fall in Q4 net

Dar Al-Arkan Real Estate Development Co, Saudi Arabia's largest developer by market value, posted a 29-percent fall in fourth-quarter net profit.  The residential developer, which has to pay back a $1 billion sukuk next year, made a n

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Dar Al-Arkan seen selling assets to cover debt

Dar Al-Arkan, Saudi Arabia's largest property developer, said on Monday that it will not need 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. Analys

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Dar Al-Arkan Q3 net falls 53pc on lower sales

Saudi-based Dar Al-Arkan Real Estate said on Thursday its third-quarter net income fell 53 percent due to lower land and home sales, falling short of analyst's estimates.    The kingdom's largest real estate firm made a net

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Saudi Dar Al-Arkan sees earnings boost from rent

Saudi-based Dar Al-Arkan Real Estate Development expects rent income to gradually rise from near-zero last year to SR1 billion ($266.7 million) by end-2015, its general manager said on Saturday. 'We expect a rent income of between SR30

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