Wednesday 7 December 2016
 
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Dar Al Arkan

Dar Al Arkan net profit up 21pc in Q3

Saudi-based Dar Alarkan Real Estate Development Company has posted a 21 per cent jump in its net profit for the third-quarter which rose to SR113 million ($30 million) from SR93 million ($24.7 million) over the same period last year.

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Dar Al Arkan Q2 net profit falls 38pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, has reported a 38.7 per cent fall in second-quarter net profit, continuing its earnings slump as it made less money from land sales. Arkan made a net profit of S

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Dar Al Arkan in key Saudi housing project talks

Dar Al Arkan Real Estate Development Company, one of Saudi Arabia's top property developers, said on Tuesday it was in talks with the government to provide housing units under the kingdom's economic reform plan. The plan,

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Dar Al Arkan Q1 net profit falls 60.7pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, extended an earnings slump as it reported a 60.7 per cent fall in first-quarter net profit on Thursday due to declining sales revenue. Arkan made a net profit of

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Dar Al Arkan gets key ratings downgrade

Moody's Investors Service has downgraded the corporate family rating of Dar Al Arkan Real Estate Development Company (Daar) to B1 from Ba3 and the company's probability of default rating (PDR) to B1-PD from Ba3-PD. The out

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Dar Al Arkan expects good growth despite low oil

Saudi Arabia's Dar Al Arkan Real Estate Development Company thinks it can keep growing next year despite low oil prices, as the government prioritises spending on housing and tries to increase the private sector's role in ending a shorta

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Dar Al Arkan net profit rises 3.1pc

Dar Al Arkan, a leading property developer, reported a 3.1 per cent rise in third-quarter net profit on Thursday.   Arkan made a net profit of SR92.7 million ($24.7 million) in the three months to September 30, u

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Saudi's Dar Al Arkan Q2 profit down 42pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, reported a 42 per cent drop in second-quarter net profit on Tuesday, missing analysts' forecasts. Arkan made a net profit of SR70.5 million ($18.8 million) i

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Dar Al Arkan Q1 net profit slumps 40.6pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, has reported a 40.6 per cent fall in first-quarter net profit on Thursday, broadly in line with analysts' forecasts. Arkan made a net profit of SR147.3 milli

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Saudi land tax unlikely to hurt business: Dar Al Arkan

Dar Al Arkan Real Estate Development Company, one of Saudi Arabia's largest listed property firms, said a planned tax on undeveloped land was unlikely to be applied to its huge land bank or push the kingdom's land prices down sharply.

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