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DAR ALARKAN
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Riyadh - Mubasher: Dar Al Arkan Real Estate Development Company named Yousuf Abdullah Al Shelash as the board’s Chairman for the next four years.
Hathloul Saleh Al Hathloul was announced as the Vice Chairman, according to a bourse filing.
They took over their roles for a new board term that began on 23 June 2025 and is scheduled to end on 22 June 2029.
Dar Al Arkan recently rolled out plans to offer a USD-fixed-rate, Shariah-compliant 'RegS' senior unsecured Sukuk in the global market.
In the first quarter (Q1) of 2025, the company posted 36.29% year-on-year (YoY) higher net profits at SAR 209.34 million, compared with SAR 153.59 million.
Source:
Mubasher
