13 Hrs
الاقتصادية
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الاقتصادية

2026-11-04T16:16:54.980Z

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الاقتصادية

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Arkan profit up 13.5%

Arkan profit up 13.5%

Dar Al Arkan’s net profit rose 13.5% year on year to SAR 290 million in the third quarter of 2026, supported by higher property sales, despite gross profit falling 11.3% to SAR 530.3 million and operating profit declining 11.6% to SAR 479.8 million. Revenue increased 10.65% to SAR 1.13 billion, while lower financing costs and operating expenses, together with higher earnings from associates, helped offset a decline in non-operating revenue. In the first nine months of the year, profit rose 12.1% to SAR 789 million and revenue increased 23.8% to SAR 3.47 billion.

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