Dar Al Arkan Real Estate Development Co - Company Profile
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Dar Al Arkan Real Estate Development Co (Dar Al Arkan) carries out the development and sale of properties and land. Its main activities encompass the development of land and residential as well as commercial projects, including the sale of units within these developments. Dar Al Arkan offers a range of products and services, from basic infrastructure development of undeveloped land to the construction and sale of residential and commercial properties. Key projects of the company include Dar Al Mashaer, Commendatore Tower, Sedra Project, Juman Island, Buraidah Hills, Urban Oasis, Da Vinci Tower, and W Residences Dubai – Downtown. The company operates offices in Dammam, Riyadh, Yanbu, Medina, Jeddah, and Mecca in Saudi Arabia; Oman; and Dubai, UAE. Dar Al Arkan is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
12622 Makkah Al Mukarramah Branch Road, , Al Wizarat, Riyadh, 11656
Website
www.daralarkan.com
Telephone
966 1 12069888
No of Employees
413
Industry
Construction
Ticker Symbol & Exchange
4300 (SAU)
Revenue (2022)
$722.5M
-31%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
38.3%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
100.5%
(2022 vs 2021)
* As of and is in US$
Dar Al Arkan Real Estate Development Co premium industry data and analytics
Products and Services
| Services |
|---|
| Property Management and Investment |
| Sale of Residential, Commercial Properties and Land |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In April, DarGlobal partnered with Dolce&Gabbana to introduce its unrivalled debut luxury hospitality project in the Maldives. |
| 2023 | Plans/Strategy | In January, the company announced its plans to list its Dubai unit on London Stock Exchange in Q1 2023. |
| 2022 | Contracts/Agreements | In October, the company collaborated with Qetaifan Projects for the sales of Les Vagues residences by ELIE SAAB in Qetaifan Island North, Qatar. |
Competitor Comparison
| Key Parameters | Dar Al Arkan Real Estate Development Co | Cenomi Centers | Saudi Real Estate Co | Jabal Omar Development Co | Makkah Construction & Development Co |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| City | Riyadh | Riyadh | Riyadh | Makka Al Mukarama | Holy City Of Makkah |
| State/Province | Riyadh | - | - | Makkah | - |
| No. of Employees | 413 | - | - | - | 1,076 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Anand Raheja | Chief Executive Officer | Senior Management | 2019 | - |
| Philip Antony | Chief Financial Officer | Senior Management | 2019 | - |
| Mohammed Al Motawakil | Chief Business Development Officer | Senior Management | - | - |
| Yousef Abdullah Al Shelash | Chairman | Non Executive Board | - | - |
| Majed Bin Abdul Rahman Al Qasem | Vice Chairman | Non Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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