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FINANCIAL NEWS
Saudi Dar Al-Arkan profit rises 8.9 percent in Q4
21 Jan 2014
(MENAFN) Net profit of Saudi-based real estate firm Dar Al-Arkan has increased 8.9 percent in the three months to the end of December 2013, according to Arab News.
The company’s net profit was estimated at USD156.8 million during the period compared to USD38.39 million during the same period in 2012.
The twelve-month net profit reached USD181.6 million in 2013 compared to USD263.54 million in 2012 as a result of the dropped sales of property.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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