REG - Dar Al-Arkan Sukuk - Annual Financial Report
20/03/2025 12:00
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RNS Number : 5138B Dar Al-Arkan Sukuk Company Ltd 20 March 2025
Dar Alarkan Real Estate Development Company announces its annual financial
results for the period ending on 31-12-2024 (12 months)
All figures are in (Millions) Saudi Arabia, Riyals
Element Current year Previous year % Change
Sales/Revenue 3,759.02 2,707.10 38.9%
Gross Profit (Loss) 1,600.00 1,070.41 49.5%
Operational Profit (Loss) 1,334.10 865.31 54.2%
Net Profit (Loss) after Zakat and Tax 806.84 610.76 32.1%
Total Comprehensive Income 800.00 589.19 35.8%
Total Share Holders Equity (after deducting minority equity) 21,094.61 20,291.88 3.96%
Profit (Loss) per Share 0.75 0.57 -
Element List Amount Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Properties Fair Value - -
Element Explanations
The reason of the increase (decrease) in the sales/ revenues during the The increase in sales revenue for the current year compared to the previous
current year compared to the last year year is mainly due to higher property sales.
The reason of the increase (decrease) in the net profit during the current The increase in net income is mainly due to the increase in property sales.
year compared to the last year is The increase in operating expenses, increase in finance cost and the
decrease in share of income from associates were fully offset with the
increase in lease revenue and the higher non-operating income from Islamic
Murabaha deposits and impacted the net income.
Explanations
Notes 1. Statement of the type of external auditor's report Unmodified opinion
2. Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
3. Reclassification of Comparison Items None
4. Additional Information None
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