Saudi Arabia .. Dar Al -Arkan shares rises to the highest price in 18 months

The shares of Dar Al -Arkan Real Estate Development, which is included and traded in the Saudi market, “Tadawul”, increased by 0.55%, at the end of the session today, to close at 18.3 riyals per share, and during the session touched the highest price in 18 months.

Trading on Dar Al -Arkan shares at the end of the session today, through 2.9 thousand trading operations, at 3.13 million shares with a value of trading 57.7 million riyals.

The highest price for the share during today’s session was at 18.64 riyals, while the lowest price was at 18.04 riyals per share.

The stock touched the highest price in 18 months

It is noteworthy that the company dominated, in the middle of last month, the entire Islamic bonds of the sixth segment, at a value of 600 million dollars (2.25 billion riyals), where 3 thousand instruments were set up with a nominal value of 200 thousand dollars per instrument, and the company funded that process through its internal resources on the date of entitlement.

The company suggests that the financial impact of the Sukuk recovery process appears in its quarterly financial results in the first quarter of the current fiscal year 2025.

Dar Al -Arkan is one of the largest real estate development companies in the Kingdom of Saudi Arabia, and was founded in 1994 by the Al -Shalash family, and since then it has become a leader in the field of real estate development in the Kingdom. The company is characterized by its strong financial capabilities and its wide strategic vision.

Dar Al -Arkan adopts the philosophy of developing integrated urban societies that exceed the traditional concept in developing housing complexes, and has completed more than 30 real estate projects, and gave them the leadership of the real estate sector in the Kingdom, among its prominent projects, the Riyadh sun project.