Dar Al Arkan Q2 profit up 38.5 percent
Dar Al Arkan Real Estate Development Company achieved a net profit of 238.74 million Riyals during the second quarter of 2026, representing a slight increase of 0.05% compared to the same period last year. Meanwhile, its sales rose by 38.47% to 1.18 billion Riyals. Although profits declined by 8.26% compared to the previous quarter, the company recorded an 11.39% growth in profits for the first half of the year, reaching approximately 499 million Riyals. Its sales during the same period increased by 31.34% to 2.34 billion Riyals, driven by higher property sales and improved non-operating revenues, with the rise in financing costs offset by a reduction in operating expenses.
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