Dar Al Arkan expects financial impact of Shams Al Riyadh to appear from Q1 2022

24/03/2022 Argaam
Yousef Al Shelash, Chairman of Dar Al Arkan Real Estate Development Co.

Yousef Al Shelash, Chairman of  Dar Al Arkan Real Estate Development Co.

Yousef Al Shelash, Chairman of  Dar Al Arkan Real Estate Development Co. expects the financial impact of Shams Al Riyadh project, which was almost sold out, to appear starting from the first quarter of 2022. 

 

The project is in the fourth phase, where services are being delivered. The other phases are 60% complete.

 

Moreover, the financial impact of Shams Al Arous development in Jeddah, as well as the other projects in Dubai, Doha and Bosnia, along with Dar Al Arkan’s new development in Muscat is likely to show in the coming period.

 

Elsewhere, Al Shelash expected Saudi Home Loans Co. (SHL) to list shares on the Saudi Exchange (Tadawul) in the first half of April.

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