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Zero-dividend round pulls Dar Al-Arkan shares down

: Monday, March 10 - 2014 @ 21:50

The Tadawul All Share Index closed 0.10 per cent lower at 9,343.78 points on Monday, March 10. Dar Alarkan Real Estate Development Company (DAAR) lost by four per cent to reach SAR12. Earlier in the day, DAAR revealed in a filing to the market that its board of directors has decided not to distribute a dividend for 2013. “This is to support the future growth of DAAR’s business. The recommendation will be presented to the upcoming annual general assembly meeting, the date and place of which will be announced after finalising,” reads a company statement.

Gérard Al-Fil

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Monday, March 10- 2014 @ 21:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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