Dar Al Arkan Real Estate Development Company

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Recent Articles

• Saudi's Dar al Arkan eyes similar product mix in 20109 March 2010

  Chairman said that there is a real demand for residential property in the country.

• Saudi's Dar al Arkan has enough cash after bond - CFO13 February 2010

  Proceeds from sukuk to be used to finance capital expenditure during 2010.

• Dar Al Arkan issues $450m sukuk at 11% -source12 February 2010

  Saudi real estate developer issues first Islamic bond from the region this year.

• Saudi's Dar Al Arkan raising $750m in Islamic bonds10 February 2010

  Saudi's biggest property co by market value to raise money via Islamic bond sale.

• Saudi's Al Arkan hit by 10% profit fall in 2009 12 January 2010

  Focus on low income accommodation, with prices lower than that of other units caused fall.

• Saudi construction giant lauds positives of global downturn14 October 2009

  Dar Al Arkan MD says economic downturn has 'positively affected' sector.

• Dar Al Arkan plans new $2bn Jeddah project11 October 2009

  UPDATE 1: Saudi's largest developer says work on new scheme will begin in 2010.

• Saudi's Dar Al Arkan's Q1 net profit falls 6.2%21 April 2009

  Fall in profit margins for land sales & the impact of a new accounting system weighs on co's earnings.

• Saudi’s Dar al Arkan’s Q4 net profit up 2.6%21 January 2009

  UPDATE 1: Saudi's largest developer by market value posts lowest growth since going public.

• Dar Al-Arkan sees profit climb 4.3%25 October 2008

  Saudi Arabia's largest real estate developer posts Q3 net income of $192mn, topping analyst forecast.

• Saudi firms unveil projects worth total of $27bn11 October 2008

  Dar al-Arkan and Saudi Kingdom Holdings reveal mega construction schemes.

• Saudi 'will escape any Gulf real estate slump'6 October 2008

  Kingdom's largest developer remains confident that property sector is still surging.

• Saudi developer Dar Al-Arkan eyes bonus share sukuk3 September 2008

  Bonus share issue of $480mn will raise company's capital by a third.

• Dar Al-Arkan sees earnings jump 45%20 July 2008

  Saudi's largest developer posted Q2 income of $183.3mn as property demand grew in kingdom.

• Dar Al-Arkan profit hit by extra costs22 April 2008

  Saudi's largest developer saw Q1 profit rise 6.6%, considerably below growth in revenues.

• Saudi approves home loans company for poor29 December 2007

  SHL will provide loans compliant with Islamic law, state news agency SPA reports.

• Investors clamour for piece of Dar Al-Arkan IPO 9 December 2007

  Saudi developer offered 81% of $888mn it is looking to raise, arranger says.

• Dar Al-Arkan valued at $8.1bn in IPO28 November 2007

  Saudi property developer's initial public offering will be priced at $15 per share, lead manager says.

• Arkan raises sukuk sale to $1bn17 July 2007

  Strong demand prompts Saudi property developer to raise size of its Islamic bond from $800mn to landmark $1bn.

• Dar Al Arkan lists $600m sukuk28 May 2007

  The property developer is the first Saudi issuer to list Islamic bonds on the DIFX.

• Revealed: Gulf's most admired companies14 April 2007

  Arabian Business has published its '50 Most Admired' list of regional companies.

• Groundbreaking Saudi Sukuk issue closes at US$600m22 February 2007

  The first international Sukuk issue by a Saudi corporate has successfully closed at US$600m.