Dar Al Arkan Real Estate Development Co. recorded an increase in annual net profit of 40.54 percent to SR1.13 billion ($301 million) in 2025, which was underpinned by an increase in property sales.
According to a filing on the Saudi Exchange, the company’s net profit surged from SR806.84 million in the previous year, while annual revenue rose by 3.75 percent year-on-year to SR3.90 billion. The operating profit soared 18.96 percent to SR1.59 billion, while gross profit rose 15.22 percent to SR1.84 billion.
The company said in the statement, “The increase in net income is mainly due to the increase in property sales. The increase in finance costs was offset by the increase in lease revenue, decrease in operating expenses, increase in share of income from associates, and increase in non-operating income from Islamic Murabaha deposits, and positively impacted the net income.”
However, the shareholders’ equity following minority interest remained at SR22.22 billion as of December 31, in comparison with SR21.09 billion a year earlier. Dar Al Arkan announced the full redemption of its $400 million sukuk in February.
In a statement by the Tadawul, the company reported that the maturity of the sukuk was redeemed with the help of internal resources, and the sum was transferred to the specified account.
The company also added that the effect of the sukuk redemption will be reflected in its first-quarter financial statement.
In another announcement last month, the company announced that it had been issued with three white land tax-related invoices totalling approximately SR201.15 million in plots, in the development of Shams Ar Riyadh, licensed under the Wafi off-plan sales program.
The invoices were estimated at SR48.32 million, SR108.10 million, and SR44.73 million, respectively. In a different disclosure in September, Dar Al Arkan reported that its 2.83 million sq. meters of land portfolio is subject to the White Land Tax Law of the Kingdom.
