Dar Al Arkan shares close at all-time high since 2009

Logo of Dar Al Arkan Real Estate Development Co.

Shares of Dar Al Arkan Real Estate Development Co. (Dar Al Arkan) closed today's (Aug. 9) session 3% higher at SAR 17.47, recording their highest levels since June 2009.

A total of 7.3 million shares were exchanged.

Dar Al Arkan was founded on July 18, 2000, before being converted into a joint stock firm by a ministerial decree on July 17, 2005. The company was listed on the Saudi Stock Exchange (Tadawul) in December 2007.

The company’s business portfolio includes buying and owning properties, as well as developing, selling and renting land plots. This is in addition to the wholesale and retail trade of sanitary ware, building materials, electricity kits, paints and stationery, along with auto sale activities.

Dar Al Arkan Stock Performance*
Annual High (SAR)	17.96	Today, Aug. 9, 2023
Annual Low (SAR)	11.06	Dec. 27, 2022
Historical High (SAR)	40.50	Dec. 29, 2007 (First Day of Listing)
Historical Low (SAR)	4.30	Feb. 15, 2016
Highest Trading Volume (mln shares)	243.9	June 7, 2017

*The adjustments made to the company’s capital are taken into consideration

The following table shows the developer’s key financial indicators:

Key Financial Indicators
Earnings Per Share (last 12 months) (SAR)	0.31
Operating P/E (last 12 months) (x)	More than 50
Book value (SAR)	18.26
P/B ratio (x)	0.97

The following table illustrates changes in capital:

Capital Amendments (SAR mln)
Date	Method	Previous Capital	New Capital	Change
2009	Bonus Issue	7200	10800	+50%
2008	Bonus Issue	5400	7200	+33.3%

Saudi Stocks Trading

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