Dar Al Arkan shares hit highest level since December 2019

Logo of Dar Al Arkan Real Estate Development Co.

Shares of Dar Al Arkan Real Estate Development Co. hit their highest level since December 2019, at SAR 11.54, today, March 13.

The stock closed 1% higher at SAR 11.42, with nearly 25 million shares traded.

Established on July 18, 2000, Dar Al Arkan converted to a joint-stock company by a ministerial decision on July 17, 2005, and listed on the Saudi Stock Exchange (Tadawul) in December 2007.

Dar Al Arkan’s core business is to buy properties and land, construct buildings and use them as investment by selling or renting, and general contracting of residential and commercial buildings (construction, repair, demolition and restoration). It is also involved in the wholesale and retail of sanitary materials, building materials, plumbing tools, electricity, paints, office tools and cars in cash and installments.

The following table shows the most important financial indicators of the company:

The developer’s capital amendments are illustrated below: