Dar al Arkan Real Estate Development Co 2020 AR2
The report outlines Dar Al Arkan's strategic and financial performance for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic. The company successfully launched multiple residential phases in its flagship Shams Ar Riyadh project, achieving strong booked sales, and progressed construction on the 'I Love Florence' tower in Dubai. Financially, the company secured SAR 2.5 billion in long-term funding, including its eleventh Sukuk issuance of USD 400 million. Additionally, the report introduces the company's ESG framework, emphasizing resource conservation, Saudisation, and the inclusion of women in senior management roles.
Company: Dar al Arkan Real Estate Development Co
Sector: Real estate
Country: Saudi Arabia
Year: 2020
Type: AR2
Pages: 70
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Dar al Arkan Real Estate Development Co
Annual Report
The report outlines Dar Al Arkan's strategic and financial performance for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic. The company successfully launched multiple residential phases in its flagship Shams Ar Riyadh project, achieving strong booked sales, and progressed construction on the 'I Love Florence' tower in Dubai. Financially, the company secured SAR 2.5 billion in long-term funding, including its eleventh Sukuk issuance of USD 400 million. Additionally, the report introduces the company's ESG framework, emphasizing resource conservation, Saudisation, and the inclusion of women in senior management roles.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board