Dar Al Arkan shares record 4-year highest close

Logo of Dar Al Arkan Real Estate Development Co.

Shares of Dar Al Arkan Real Estate Development Co. rose 4% to SAR 14.30 — its highest close in four years, today, June 15, with a trading volume of nearly 43.4 million shares.

The stock recorded its highest price of SAR 14.40 by the end of today’s session.

Dar Al Arkan was founded on July 18, 2000, before being converted into a joint-stock firm on July 17, 2005, by virtue of a ministerial decree. The company was listed on the Saudi Stock Exchange (Tadawul) in December 2007.

The company’s business portfolio includes buying and owning properties as well as developing, selling and renting land plots. This is in addition to the wholesale and retail trade of sanitary ware, building materials, electricity kits, paints and stationery, along with auto sale activities.

Dar Al Arkan Stock Performance
Annual High (SAR)	14.40	Today, June 15
Annual Low (SAR)	8.62	Nov. 29, 2021
Historical High (SAR)	40.50	Dec. 29, 2007 (First Day of Listing)
Historical Low (SAR)	4.30	Feb. 15, 2016
Highest Traded Volume (SAR mln)	243.9	June 7, 2017

The following table shows the company’s key financial indicators:

Key Financial Indicators
Earnings Per Share (last 12 months) (SAR)	0.30
Operating P/E (last 12 months) (x)	47.67
Book Value (SAR)	17.95
P/B Ratio (x)	0.80

The following table illustrates changes in Dar Al Arkan’s capital:

Capital Amendments (SAR mln)
Date	Method	Previous Capital	New Capital	Change
2009	Bonus Issue	7,200	10,800	+50%
2008	Bonus Issue	5,400	7,200	+33.3%

Saudi Stocks Trading

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