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Home / Dar Alarkan Real Estate Development Co. / 2023 Annual Results

Dar Alarkan Real Estate Development Co. 2023 Annual Results

Revenue
SAR 2.71B
Net Profit
SAR 611M
EPS
SAR 0.57
Operating Cash Flow
SAR 1.42B

Dar Alarkan Real Estate Development Co. (4300) reported full year 2023 revenue of SAR 2.71B, up 9.7% from SAR 2.47B in 2022. Net profit came in at SAR 611M, up 37.4% year on year. Earnings per share were SAR 0.57. The company generated SAR 1.42B in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Earnings Quality

Of every SAR 1.00 in reported net profit, SAR 2.32 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.32.

Key Financial Metrics

Metric20232022
RevenueSAR 2.71BSAR 2.47B
Net ProfitSAR 611MSAR 444M
Gross ProfitSAR 1.46B
Net Margin22.6%18.0%
ROE3.0%2.3%
EPSSAR 0.57
Total AssetsSAR 33.66BSAR 33.51B
Total EquitySAR 20.29BSAR 19.60B
Total LiabilitiesSAR 13.36B
Operating Cash FlowSAR 1.42B

Year on Year Comparison

Revenue increased by 9.7% compared to 2022. Net profit increased by 37.4%. Both revenue and profit grew — indicating expanding business.

Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-03-24.