Thursday 23 November 2017
 
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Dar Al Arkan

Dar Al Arkan picks ex-Damac head as new CEO

Saudi-based Dar Al Arkan Real Estate Development Company has roped in Ziad El Chaar, the former managing director of top UAE developer Damac, as its new chief executive. He replaces Dr Abdulrehman Hamad Al Harkan who resigned from his p

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Saudi Dar Al Arkan lists $500m sukuk on Nasdaq Dubai

Saudi-based Dar Al Arkan Real Estate Development Company on Wednesday rang the market-opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai, the region’s international exchange. The listing provides s

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Saudi Dar Al Arkan lists $500m sukuk on Nasdaq Dubai

Saudi-based Dar Al Arkan Real Estate Development Company on Wednesday rang the market-opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai, the region’s international exchange. The listing provides s

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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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