Dar Al Arkan is currently operating in Europe and the Middle East. And has co-branding projects with the biggest fashion brands in the world.
Dar Al Arkan launches its first international project
An 8.2 million sq.m master plan on Dammam seafront is launched. Awarded "First Place - Real Estate Development Sector in Saudi Arabia" by Forbes Middle East, and “First Real Estate Company in the Middle East” by World Finance.
The governor of Riyadh inaugurates the opening ceremony of Al Qasr Mall. Dar Al Arkan is named “Best Residential Property Developer in Saudi Arabia” by Euromoney.
Capital is increased by SR10.8 billion (USD 2.88 billion), distributed over 1,080 million shares at a par value of SR10 (USD 2.67) per share. Additionally, Shams Al Arous is launched in Jeddah and Dar Al Arkan issues the third Sukuk of USD 200 million.
Dar Al Arkan is listed on the Saudi Stock Market, it issues the first Sukuk of 600million USD, followed by 1billion USD.
Dar Al Arkan converts to a joint-stock company under Ministerial Decree no. 1021. Additionally, it Launches Al Qasr in Riyadh, the largest master-planned real estate development in the private sector.
Dar Al Arkan launches Ishbiliyah & Al Munsiya in Riyadh, begins construction on Al Aziziah Towers, Al Manar residential project in Jeddah, and Al Awali Villas in Makkah. It launches Al Noor Villas in Madinah and begins work on the Golden Coast project in Jeddah.
Dar Al Arkan becomes a limited liability company with a capital of SR140 million (USD 37 million). Additionally, it launches Yarmouk & Al-Falah, construction begins on the Al-Ta’awon & Al Rabie projects in Riyadh, and begins works on the Murjan Villas in Jeddah.
Dar Al Arkan Real Estate Development Company was established in Riyadh, Saudi Arabia.