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Companies of Saudi Arabia: Dar Al-Arkan Real Estate, Al-Muhaidib, Harf Information Technology, Almarai, Al-Hayat, Saudi Binladin Group, Cepco, Nationa
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| Source: Wikipedia. Pages: 31. Chapters: Dar Al-Arkan Real Estate, Al-Muhaidib, Harf Information Technology, Almarai, Al-Hayat, Saudi Binladin Group, Cepco, National Commercial Bank, Weqaya, Kingdom Holding Company, Al-Rajhi Bank, Yusuf Bin Ahmed Kanoo, Omrania and Associates, Azizia Panda, Dallah Al-Baraka, Bayanat, Petro Rabigh, Ahmad Hamad Al Gosaibi & Brothers, Al Tazaj, Alinma Bank, Qaym, DMI Trust, Zain Saudi Arabia, Rezayat, Mawarid Holding, King Fahd Complex for the Printing of the Holy Qur'an, Al Baik, Saudi Business Machines, Saudi Investment Company, Olayan Group, Krimmley Contracting Company, Saudi Oger, Kamal Osman Jamjoom, Balubaid, Aldrees, House of Alireza, Eggdancer Productions, Sipchem, Al Faisaliah Group, Siemens Limited, E. A. Juffali and Brothers, List of companies of Saudi Arabia, Sleeper Mattresses and Bedding Company, Cube Technologies, Advanced Electronics Company Limited, Gazzaz Department Stores, Yansab, Haji Hussein Alireza & Company, Jadwa Investment, Tamimi Group, Nadec, A. A. Turki Group, Nama Chemicals, Saad Group, Saudi Advanced Industries, Al Shoula Group, Abdulla Fouad Group of Companies, Xenel, Tihama. Excerpt: Dar Al-Arkan Real Estate(Arabic: ¿¿¿ ¿¿¿¿¿¿¿)is a Saudi Arabian property development company. It is the largest developer by market value in Saudi Arabia. Based in Riyadh, It was established in 1994 by six prominent business families with significant real estate development experience in response to the increasing demand for quality housing from the rapidly growing Saudi population. From July 2002 to January 2004, Dar Al-Arkan operated as a limited liability company with a capital base of SR140 million (US$37 million). Dar Al-Arkan increased its capital to SR5.4 billion (US$1.4 billion) through a private placement in the domestic market in 2004 while converting to a partnership limited by shares. Subsequent to the private placement, Dar Al-Arkan converted to a joint stock company in 2005 (i.e. a company with a minimum of five shareholders who are restricted from selling their shares (except with respect to transfers to each other) for a period of at least two years and can be listed on the Saudi stock exchange). The founding shareholders currently own 70% of the Company. In December 2007, the Company listed its shares on the Saudi Stock Exchange (Tadawul All Share Index) under the symbol 4300. The progression of Dar Al-Arkan from a small real estate developer to one of the largest in KSA is a result of consistent growth since its inception. Coupled with significant growth and expansion during the last five years, Dar Al-Arkan was well positioned to capitalise on the economic boom in the Kingdom. During this period, Dar Al-Arkan substantially increased the scale of its activities, both in terms of number and size of projects. Increasingly, Dar Al-Arkan is the leading provider of master-planned lifestyle communities from the private sector in the KSA market. Dar Al-Arkan's rapid growth corresponds to a clear shortfall in the supply of housing units and an increasing demand for residential real estate in KSA, particularly within the middle-income segment of the market. |
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