Monday 21 April 2014
 
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Dar Al Arkan

Dar Al Arkan Q1 profit rises 4.3pc

Saudi Arabian real estate firm Dar Al Arkan reported a 4.3 percent increase in first-quarter net profit on Thursday, beating analyst forecasts, on the back of higher sales of its developed properties. The kingdom's largest lis

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Dar Al Arkan buys back bulk of $200m sukuk

Saudi Arabia's Dar Al Arkan Real Estate Development Co said on Monday it had repurchased 87 per cent of its SR750 million ($200 million) Islamic bond due to mature in April. The purchase of SR650 million worth of the paper was

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Saudi housing sector to stay strong

The supply of housing in Saudi Arabia may lag demand for at least the next five years, creating lucrative opportunities for developers who can benefit from rapid population growth and a new mortgage law, the chairman of the kingdom's largest

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Dar Al Arkan Q3 profit down 17pc

Saudi Arabia's Dar Al Arkan, the kingdom's largest property developer, said its third-quarter net profit fell by 17 per cent, in line with analysts' expectations. The firm made SR183.3 million ($48.9 million) in the th

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Dar Al Arkan Q2 net slumps 69pc on lower sales

Saudi Arabia's Dar Al Arkan Real Estate Development Co missed the average view of analysts when it reported a 68.7 percent drop in second-quarter net profit on Thursday, citing lower properties sales. The developer made a net

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Dar Al Arkan raises $450m from sukuk sale

Saudi Arabia's Dar Al Arkan Real Estate Development Company has announced the launch of a SR2.8 billion ($750 million) International Islamic Sukuk Programme, in multiple tranches over a twelve month period. The order book for the fi

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Dar Al Arkan raises $450m from sukuk sale

Saudi Arabia's Dar Al Arkan Real Estate Development Company has announced the launch of a SR2.8 billion ($750 million) International Islamic Sukuk Programme, in multiple tranches over a twelve month period. The order book for the fi

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Dar Al Arkan to sell benchmark-sized sukuk

  Saudi Arabia's Dar Al Arkan Real Estate Development Company is aiming to sell a benchmark-sized Islamic bond, or sukuk, this week after announcing initial price thoughts for the dollar-denomin

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Dar Al Arkan Q4 net profit halves

  Saudi Arabia's largest real estate company, Dar al Arkan, said its fourth-quarter net profit halved from the same time the year before as finance costs rose and property sales generated lower margins.  

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Saudi developer Dar eyes foreign properties

  Saudi Arabia's largest listed real estate developer, Dar Al Arkan, plans to buy assets in Asia as part of its strategy to diversify revenue streams, its chairman Youssef al-Shelash told Reuters on Monday.  

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