Dar Al Arkan shares hit highest level since December 2019

13/03/2022 Argaam Special
Logo ofDar Al Arkan Real Estate Development Co.

Logo of Dar Al Arkan Real Estate Development Co.


Shares of Dar Al Arkan Real Estate Development Co. hit their highest level since December 2019, at SAR 11.54, today, March 13.

 

The stock closed 1% higher at SAR 11.42, with nearly 25 million shares traded.

 

Established on July 18, 2000, Dar Al Arkan converted to a joint-stock company by a ministerial decision on July 17, 2005, and listed on the Saudi Stock Exchange (Tadawul) in December 2007.

 

Dar Al Arkan’s core business is to buy properties and land, construct buildings and use them as investment by selling or renting, and general contracting of residential and commercial buildings (construction, repair, demolition and restoration). It is also involved in the wholesale and retail of sanitary materials, building materials, plumbing tools, electricity, paints, office tools and cars in cash and installments.

 

Dar Al Arkan Stock Performance

Annual High (SAR)

11.54

Today, March 13, 2022

Annual Low (SAR)

8.62

Nov. 29, 2021

Historical High (SAR)

40.50

Dec. 29, 2007 (first listing day)

 Historical Low (SAR)

4.30

Feb. 15, 2016

Highest Traded Volume (mln shares)

243.9

June 7, 2017

 

The following table shows the most important financial indicators of the company:

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

0.08

Operating P/E (last 12 months) (x)

More than 50

Book Value (SAR)

17.69

P/B Ratio (x)

0.65

 

The developer’s capital amendments are illustrated below:

 

Capital Amendments (SAR mln)

Date

Capital hike method

Previous capital

New capital

Change

2009

Bonus shares

7,200

10,800

+50%

2008

Bonus shares

5,400

7,200

+33.3%

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