Business · Companies · 14 hrs ago
Dar Al Arkan’s third-quarter profit rises 13.5% to 290 million riyals
Saudi property developer Dar Al Arkan reported third-quarter results for 2026.
Its net profit rose 13.5% from a year earlier to 290 million riyals.
Revenue increased 10.65% to 1.13 billion riyals, supported by higher property sales.
Gross profit fell 11.3% and operating profit fell 11.6%, despite the rise in sales.
Lower financing and operating costs helped lift net profit, along with higher profits from investments in associate companies.
In the first nine months of 2026, profit rose 12.1% to 789 million riyals and revenue increased 23.8% to 3.47 billion riyals.
The results show stronger net earnings but weaker gross and operating profit; no further company plans were stated.
Dar Al Arkan’s net profit rose 13.5% year on year to 290 million riyals in the third quarter of 2026.
The company said higher real estate sales supported the increase.
Revenue rose 10.65% to 1.13 billion riyals, while gross profit fell 11.3% to 530.3 million riyals.
Operating profit declined 11.6% to 479.8 million riyals.
For the first nine months of 2026, net profit increased 12.1% to 789 million riyals.
- Who
- Dar Al Arkan, a Saudi real estate development company.
- What
- Its third-quarter net profit rose 13.5% year on year to 290 million riyals.
- When
- The third quarter of 2026. The report was published on November 4, 2026.
- Where
- Not stated.
- Why
- Higher real estate sales supported profit growth. Lower financing costs and operating expenses, and higher profits from investments in associate companies, also offset lower non-operating income from Islamic murabaha.
This story does not have two clearly opposing sides.
Dar Al Arkan’s net profit was lower than in the third quarter, while revenue was higher.
Net profit reached 290 million riyals, up 13.5% year on year.
Net profit rose 12.1% to 789 million riyals.
- Third-quarter net profit
- 290 million riyals
- Year-on-year profit growth
- 13.5%
- Third-quarter revenue
- 1.13 billion riyals
- Third-quarter gross profit
- 530.3 million riyals
- First-nine-month net profit
- 789 million riyals