Dar Al Arkan Real Estate Development, SA11U0S23612

Dar Al Arkan stock: Nine-month net profit rises 12.1% to SAR 788.99m

Published on 11/16/2026 at 00:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dar Al Arkan stock is in focus after the developer reported higher nine-month revenue and net income. Property sales drove the improvement.

Dar Al Arkan reports stronger nine-month results

Revenue advanced on higher property sales during the nine-month period ended September 30, 2026.
Quarterly net income increased despite lower revenue than in the previous quarter.
Management attributed the quarterly profit growth to property sales, lower finance costs and higher income from associates.

Dar Al Arkan Real Estate Development, SA11U0S23612, Illustration mit AI erstellt.

Dar Al Arkan Real Estate Development reported stronger nine-month results on November 5, 2026, for the period ended September 30. According to Ticker's publication of the results announcement, revenue rose 23.8 percent year over year to SAR 3,468.89 million, while net profit after Zakat and tax increased 12.1 percent to SAR 788.99 million.

Quarterly profit gains momentum

Third-quarter revenue reached SAR 1,125.62 million, up 10.7 percent from the same quarter a year earlier but down 4.6 percent from the previous quarter. Net profit rose 13.5 percent year over year to SAR 290.02 million and increased 21.5 percent from the preceding quarter.

Gross profit fell 11.3 percent year over year to SAR 530.29 million, while operating profit declined 11.6 percent to SAR 479.80 million. The company said higher property sales supported revenue and net income. Lower finance costs, lower operating expenses and higher income from associates also contributed to the quarterly profit increase, partly offset by lower non-operating income from Islamic Murabaha deposits.

Revenue growth comes with margin pressure

For the first nine months, operating profit rose 16.9 percent to SAR 1,442.70 million and gross profit increased 12.7 percent to SAR 1,595.19 million. Total comprehensive income was SAR 747.76 million, broadly unchanged from SAR 749.25 million a year earlier. Earnings per share increased to SAR 0.73 from SAR 0.65.

The external auditor issued an unmodified conclusion. The results leave investors focused on the pace of property sales, finance costs and income from associates in the final quarter.

Developer spans sales and leasing

Dar Al Arkan develops, sells and leases real estate projects, with activities grouped into development properties and leasing of properties. The company is headquartered in Riyadh, Saudi Arabia, and retains properties for rental income alongside projects under development or sale. Makkah Construction & Development and Retal Urban Development are listed Saudi real-estate peers, while Dar Al Arkan combines development activity with retained-property leasing.