June 19, 2018 9:17 AM ET

Real Estate Management and Development

Company Overview of Dar Al-Arkan Sukuk Company Ltd.

Company Overview

Dar Al-Arkan Sukuk Company Ltd. was founded in 2013 and is based in Riyadh, Saudi Arabia. The company operates as a subsidiary of Dar Al Arkan Real Estate Development Company.

P.O. Box 22172

Riyadh,  11311

Saudi Arabia

Founded in 2013

Key Executives for Dar Al-Arkan Sukuk Company Ltd.

Dar Al-Arkan Sukuk Company Ltd. does not have any Key Executives recorded.

Dar Al-Arkan Sukuk Company Ltd. Key Developments

Dar Al-Arkan Real-Estate Development Company Announces Repayment of Sukuk Due 2018

Dar Al-Arkan Real-Estate Development Company announced that it has completed the repayment of its SAR 1.687 billion Sukuk (2018 series 1 mtn), due on 24th of May 2018. It is worth noting that the company bought back part of the Islamic Sukuk amounted to SAR 381 million during 2017 and 2018, the remaining principal is SAR SAR 1.306 billion.

Dar Al-Arkan Sukuk Company Ltd. Reports Earnings Results for the Fourth Quarter and Year Ended of December 31, 2017

Dar Al-Arkan Sukuk Company Ltd. reported earnings results for the fourth quarter and year ended of December 31, 2017. For the quarter, the company's total sales realized amounting to SAR 2,435.12 million, compared to SAR 410.49 million for the similar quarter in the previous year, a increase of 493.22%. Total comprehensive income, attributable to owners of the company amounted to SAR 323.35 million, as compared to SAR 37.29 million, for the similar quarter of the previous year, a increase of 767.12%. Net profit was SAR 320.68 million compared to SAR 37.26 million a year ago. Operational profit was SAR 428.87 million compared to SAR 129.06 million a year ago. For the year, the total sales realized amounting to SAR 4,734.68 million, compared to SAR 1,870.23 million for the similar period in the previous year, a increase of 153.16%. Total comprehensive income, attributable to owners of the company, amounted to SAR 556.04 million, as compared to SAR 250.83 million, for the similar period of the previous year, a increase of 121.68%. Net profit was SAR553.37 million compared to SAR 250.83 million a year ago. Operational profit was SAR 952.01 million compared to SAR 631.92 million a year ago. Earnings per share were SAR 0.51 compared to SAR 0.23 a year ago.

Dar Al-Arkan Sukuk Company Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2017

Dar Al-Arkan Sukuk Company Ltd. reported earnings results for the third quarter and nine months ended of September 30, 2017. For the quarter, the company's total sales realized amounting to SAR 1,482.74 million, compared to SAR 617.57 million for the similar quarter in the previous year, a increase of 140.09%. Total comprehensive income, attributable to owners of the company, amounted to SAR 209.62 million, as compared to SAR 10.94 million for the previous quarter, a increase of 1,816.1% and compared to SAR 112.47 million, for the similar quarter of the previous year, a increase of 86.4%. For the nine months, the company's total sales realized for the period amounting to SAR 2,299.56 million, compared to SAR 1,459.74 million for the similar period in the previous year, a increase of 57.53%. Total comprehensive income, attributable to owners of the company, amounted to SAR 232.69 million, as compared to SAR 213.55 million, for the similar period of the previous year, a increase of 9%.

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