Dar Al Arkan notches highest close since 2008

16/03/2025 Argaam Exclusive

Shares of Tadawul-listed Dar Al Arkan Real Estate Development Co. closed at the highest level since 2008 after hitting SAR 19.30 today, March 16.

 

The stock scaled an intraday high of SAR 19.38.

Year High (SAR) Year Low (SAR)
19.38 11.18
Highest Since Debut (SAR) Lowest Since Debut (SAR)
40.51 4.30

Therefore, the stock has gained approximately 25% year-to-date (YTD).

Market Data :

Open 18.45
Low 18.39
High 18.70
Previous Close 18.45
Change (3M) 8.53 %
Change (6M) 0.99 %
Market Value 20,034.00
Avg. Volume (3M) 1,170,756.45
Avg. Turnover (3M) 19,399,618.26
Avg. Transaction (3M) 2,800.24
Change(12M) 9.04 %
YTD 15.75 %

The Saudi real estate developer implemented several changes to its capital since listing in December 2007.

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) 20,077.22
Shares Outstanding ((M)) 1,080.00
EPS ( Riyal) (TTM) 0.98
Book Value (BV) ( Riyal) (Latest announcement) 20.23
Recurring P/E 19.40
Price/book 0.92
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 2.80
Return on Average Equity (%) (TTM) 4.97
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 27,810.22
EV/adj EBITDA 16.69
EV/Revenues 7.29


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