Dar Al-Ark In Suk II 44GO Dar Al-Arkan sells residentail plot to SABIC

  Dar Al-Ark In Suk II (44GO) - Dar Al-Arkan sells residentail plot to SABIC

RNS Number : 9742D
Dar Al-Arkan International Sukuk II
23 May 2012




Dar Al Arkan Real Estate Development  Company announces the sale of a  portion 
of the residential land at Shams ArRiyadh Project.

Dar Al Arkan Real Estate Development Company announces the sale of a portion
of the residential land at its project Shams ArRiyadh, in the city of Riyadh,
on 22/05/2012, to the Saudi Basic Industries Corporation SABIC, which will
build a residential compound for its employees. The total land area sold is
1,854,225.6 sqm, sold for SAR 400 per sqm, and the total revenue amount
generated from the transaction is SAR 741,689,840. The transaction will be
reflected in the second quarter of 2012 financial results.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCLLFLEEVIVFIF -0- May/23/2012 15:14 GMT
 
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