Dar Al Arkan posts highest close since Nov. 2023

19/09/2024 Argaam Exclusive

Shares of Dar Al Arkan Real Estate Development Co. soared 4% today, Sept. 19, posting the highest close since November 2023 of SAR 15.20 apiece.

 

Almost eight million shares changed hands during today’s session.

Year High (SAR) Year Low (SAR)
16.40 11.18
Highest Since Debut (SAR) Lowest Since Debut (SAR)
40.51 4.30

The company raised its capital twice since listing on the Main Market (TASI), as detailed in the table below:

Market Data :

Open 17.28
Low 17.12
High 17.42
Previous Close 17.22
Change (3M) 15.21 %
Change (6M) 36.74 %
Market Value 18,489.60
Avg. Volume (3M) 2,323,460.38
Avg. Turnover (3M) 36,229,555.08
Avg. Transaction (3M) 2,339.46
Change(12M) 15.05 %
YTD 20.56 %

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2009 Split   10,800.00 50.00%
2008 Split   7,200.00 33.33%
2007 IPO   5,400.00 0.00%

Financial Performance :

Overview :

The company was established as sole proprietorship in 1992 under the name “Dar Alarkan Real Estate Establishment” owned by Hathlol Saleh Al Hathlol, with capital of SAR 25,000. The company’s core activities include purchasing and owning properties and lands, developing buildings to lease and sell them, general contracting of residential and commercial buildings including construction, maintenance, demolition and reconstruction, in addition to wholesale and retail of sanitary, b...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 18,489.60
Shares Outstanding ((M)) 1,080.00
EPS ( Riyal) (TTM) 0.60
Book Value (BV) ( Riyal) (Latest announcement) 19.19
Adjusted P/E (Last12) 28.52
Price/book 0.89
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 1.90
Return on Average Equity (%) (TTM) 3.18
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 23,798.80


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