Dar Al Arkan shares record highest close since 2017

18/09/2022 Argaam Special

Logo of Dar Al Arkan Real Estate Development Co.


Shares of Dar Al Arkan Real Estate Development Co. rose 3% today, Sept. 18, to SAR 14.98 — its highest close since Dec. 2017 - with a trading volume of nearly 21.2 million shares.

 

The stock recorded its highest price of SAR 15.02 during 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)

15.02

Today, Sept. 18, 2022

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 Trading Volume (mln shares)

243.9

June 7, 2017

*Taking into account amendments that were carried out to capital.
 

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

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR) 

0.37

Operating P/E (last 12 months) (x) 

45.60

Book value (SAR) 

18.03

P/B ratio (x) 

0.83

 

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

7200

10800

+ 50%

2008

Bonus Issue

5400

7200

+ 33.3%

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