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FinancialNews


  • 19-07-13

    Saudi Dar Al Arkan reports USD28m profit in Q2

    (MENAFN) Saudi developer Dar Al Arkan Real Estate Development Co reported a 68.7 percent decline in quarterly earnings on lower property sales, Reuters reported. The company said it made USD27.7 million net profit during the second quarter, down from USD88.24 million a year earlier. The property sales decline followed a boost in the second quarter of 2012 from the sale of a land parcel to Saudi Basic Industries Corp, Dar Al Arkan said.

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