Dar Al-Arkan Sukuk - 1st Quarter Results

Fair Value REIT-AG

06/05/2026 16:37

RNS Number : 2998D

Dar Al-Arkan Sukuk Company Ltd

06 May 2026

 

Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 31-03-2026 (3 months)
All figures are in (Millions) Saudi Arabian Riyals
Element List
Current Quarter
Similar Quarter For Previous Year
% Change Current
Previous Quarter
% Change
Sales Revenue
1,163.29
932.01
24.8%
1,098.41
5.9%
Gross Profit (Loss)
533.11
406.57
31.1%
428.19
24.5%
Operational Profit (Loss)
480.01
337.59
42.2%
353.35
35.8%
Net Profit (Loss) after Zakat and Tax
260.24
209.34
24.3%
427.24
-39.1%
Total Comprehensive Income
239.24
209.55
14.2%
383.59
-37.6%
Element List
Current Period
Similar Period For Previous Year
%Change
Total Share Holders Equity (after deducting minority equity)
22,466.30
21,304.55
5.45%
Profit (Loss) per Share
0.24
0.19
-
Element
Amount
Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Properties' Fair Value
-
-
Element List
Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is
The increase in sales revenue for the current quarter compared to the same quarter of the previous year is mainly due to higher property sale.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is
The Increase in net income is mainly due to higher property sale. The increase in finance costs and the decrease in the share of profit from associates were partially offset with the decrease in operating expenses and the increase in non-operating income from Islamic Murabaha deposits and impacted the net income.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is
The increase in sales revenue for the current quarter compared to the previous quarter is mainly due to higher property sale.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is
In spite of higher properties sale, the decrease in net income is mainly due to the decrease in the share of profit from associates for the quarter. The decrease in operating expenses and the increase in non-operating income from Islamic Murabaha deposits were positively impacted the net income.
Note
Explanations
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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