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Dar Al Arkan reports higher quarterly income

: Saturday, April 19 - 2014 @ 02:34

Saudi real estate developer, Dar Al Arkan has posted a 4.3% increase in first-quarter net profit, thanks to higher sales of its developed properties, Reuters has reported. The kingdom’s largest listed property developer made a net profit of SR247.9m ($66.1m), compared with SR237.6m in the corresponding period in 2013. The company said in February that it may consider early repayment of a $450m sukuk due to mature in February 2015.

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Saturday, April 19- 2014 @ 2:34 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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