Publisher: Maaal International Media Company
License: 465734
Dar Al Arkan Real Estate Development Company posted a 44.5% increase in net profit, reaching SAR 238.6 million in the second quarter of 2025, up from SAR 165.1 million in Q2 2024, according to interim financial results for the period ending June 30, 2025.
Operational profit climbed 11.3% to SAR 353.4 million, compared to SAR 317.5 million in the year-earlier period.
Earnings per share rose to SAR 0.41, up from SAR 0.30 in Q2 2024.
The company attributed the improved performance to higher margins from property sales, increased project management and contracting revenues, higher lease income, lower financing and operating costs, and greater non-operating income from Islamic Murabaha deposits.