EFG-Hermes downgraded Dar Al Arkan Real Estate Development stock to Neutral

EFG-Hermes downgraded Dar Al Arkan Real Estate Development to Neutral on September 9, 2026, while four analysts placed the average 12-month target at SAR 18.72, according to MarketScreener. The rating change gives investors a clear reference point as the Saudi developer moves from recent results toward its next reporting date.

Three dated signals shape the story

On August 5, 2026, Dar Al Arkan was reported to have delivered an 11.40 percent increase in first-half net profit, according to Investing.com. The figure is the first comparison point for assessing the company's reported 2026 performance.

On August 18, 2026, the latest release shown by Investing.com listed second-quarter revenue of SAR 1.18 billion and earnings per share of SAR 0.22. The finance data for the quarter show net income of SAR 238.74 million, compared with SAR 260.24 million in the first quarter of 2026, a sequential decline of 8.26 percent.

On September 9, 2026, EFG-Hermes moved its view to Neutral, while the analyst overview cited by MarketScreener showed four analysts and an average target of SAR 18.72. That target is below the October 8, 2026 Tadawul quote of SAR 18.70 by 0.11 percent, using the same SAR currency.

What does the next report add?

Investing.com lists November 11, 2026, as Dar Al Arkan's next earnings date. The date matters because the latest quarterly figures combine SAR 1.18 billion of revenue with SAR 238.74 million of net income, while the analyst target remains close to the latest Tadawul price.

Market value and listing details

Dar Al Arkan's market capitalization was SAR 20.2 billion on October 8, 2026. Its 52-week range was SAR 14.58 to SAR 21.40, leaving the latest SAR 18.70 quote 12.62 percent above the low and 12.62 percent below the high after rounding from the stated range.

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