Dar Al-Arkan Real Estate Development Co.'s board of directors approved on Thursday the floatation of a 30 percent stake of wholly-owned subsidiary, Dar Al-Arkan Properties in initial public offering (IPO).

 

Samba Capital was appointed as financial adviser for the planned offering, the real estate developer said in a bourse statement today.

 

Dar Al-Arkan has yet to obtain necessary regulatory approvals for the listing.

 

Dar Al-Arkan Properties, 100 percent owned by the Saudi-listed firm, focuses on development and management of income-generating assets.

 

The company also owns SAR 2.7 billion worth of assets across the Kingdom, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request