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 16.60
Low 16.41
High 16.78
Previous Close 16.61
Change (3M) (10.84 %)
Change (6M) (13.06 %)
Market Value 18,122.40
Avg. Volume (3M) 1,172,854.05
Avg. Turnover (3M) 22,059,427.44
Avg. Transaction (3M) 2,290.98
Change(12M) 17.84 %
YTD 11.13 %

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 commenced operations as a sole proprietorship in late 1994, focusing on land development infrastructure contracts for both public and private sectors. Six years later, it was transitioned into a limited liability company with SAR 1 million in capital. In 2005, it became a closed joint-stock company, and two years after that, it was transformed into a Saudi public joint-stock company. The company's primary activities include the development, sale, and leasing of real estate proje...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 18,122.42
Shares Outstanding ((M)) 1,080.00
EPS ( Riyal) (TTM) 0.87
Book Value (BV) ( Riyal) (Latest announcement) 19.93
Recurring P/E 19.87
Price/book 0.84
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 2.66
Return on Average Equity (%) (TTM) 4.45
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 22,835.57
EV/adj EBITDA 15.65
EV/Revenues 6.14


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