Al-Shalash “Dar Al-Arkan as part of Tadawul’s inclusion in the MSCI EM Index is enhancing its global visibility and broadening the shareholder base”
Dar Al-Arkan is one of the 30 Saudi companies that have joined the MSCI Emerging Markets Index as part of the Saudi Stock Exchange (Tadawul) inclusion into this index.
Mr. Yousef Al-Shalash, Chairman of Dar Al-Arkan Real Estate Development Company, said: "We congratulate the Saudi Stock Exchange Market on its successful inclusion into the MSCI EM Index, a historic achievement to be added to the Kingdom’s series of achievements. This reflects on the strength of the Saudi stock market which will now be classified among the leading global emerging markets allowing it to attract more investors in line with Vision 2030 and under the umbrella of the Financial Sector Development Program. Dar Al-Arkan is delighted to be part of this historic achievement for Tadawul and is proud to be among the Saudi listed companies included in the MSCI EM Index.”
Al-Shalash said “As Saudi Arabia’s largest real estate developer, Dar Al-Arkan is already seeing the benefit of joining the MSCI EM index which has enhanced the visibility of Dar Al Arkan to investors around the world and is helping to broaden its shareholder base. This inclusion gives us a great opportunity to highlight the company’s capabilities globally in terms of the company’s financial strength and operational durability and allows foreign investors to take advantage of investing in the Kingdom’s fast growing real-estate sector”.
He pointed out that Dar Al-Arkan raises capital from global capital markets and is also investing internationally and joining the index will contribute positively to the company’s ability to compete with other global/EM companies within the same sector.
Dar Al Arkan is a company listed on the Saudi Stock exchange (Tadawul), based in Riyadh. With SR10.8 billion in capital and SR26 billion in assets. The company has a long track record of achievements developing 15,000 residential units and 500,000 square meters of luxury commercial space in the Kingdom over 24 years making it one of the largest real estate developers in the Middle East. Since its establishment in 1994, the company has offered unique real estate opportunities for homeowners and investors that maintain and increase their wealth for future generations. All Dar Al Arkan’s projects offer their residents and owners a modern lifestyle that meets their expectations. The residential projects, shopping centers, and luxury projects developed by the company are testament to its success and distinction in the Kingdom. It has also succeeded because of these projects in developing the real estate sector in the Kingdom.