Dar Al Arkan reports higher quarterly income
19/04/2014 2:34 am EDT


share with your network:




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.

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.