Dar Al Arkan Real Estate Development, SA11U0S23612

EFG-Hermes downgrades Dar Al Arkan stock to Neutral

Published on 10/09/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EFG-Hermes cut Dar Al Arkan to Neutral on September 9, 2026. Dar Al Arkan stock last stood at SAR 18.67 on October 8, 2026 after SAR 19.27.

Key points in brief

EFG-Hermes downgraded Dar Al Arkan to Neutral on September 9, 2026.
Second-quarter 2026 revenue reached SAR 1.18 billion and earnings per share were SAR 0.22.
Dar Al Arkan stock was last at SAR 18.67 on Tadawul on October 8, 2026, versus SAR 19.27 previously.
The Roshn Sedra contract covers more than 30,000 residential units across 20 million square meters.

Dar Al Arkan Real Estate Development, SA11U0S23612, Illustration mit AI erstellt.

EFG-Hermes downgraded Dar Al Arkan Real Estate Development stock to Neutral on September 9, 2026, according to MarketScreener. The rating change gives the stock a cautious reference point while the company advances residential development projects in Saudi Arabia.

Three dated operating signals

On August 18, 2026, Dar Al Arkan reported second-quarter revenue of SAR 1.18 billion and earnings per share of SAR 0.22, figures listed by Investing.com. On September 9, EFG-Hermes moved its view to Neutral, while the average analyst target shown by MarketScreener was SAR 18.72. On September 19, Dar Al Arkan secured a Roshn contract for the Sedra project, with more than 30,000 residential units planned across 20 million square meters, according to Gulf Construction.

What does the Sedra contract add?

The project is planned in eight phases and is scheduled for completion over three years. Its scale matters because the contract links Dar Al Arkan to a major Riyadh housing development rather than a single completed building, giving the operating story a multi-year construction horizon.

The second-quarter revenue figure was nearly unchanged from the first-quarter SAR 1.16 billion, while second-quarter net income was SAR 238.74 million versus SAR 260.24 million in the first quarter. The sequential comparison places the Roshn project alongside a recent period in which revenue held near SAR 1.2 billion but net income declined.

Next date and Tadawul valuation

The next scheduled earnings date is November 11, 2026, according to Investing.com. The latest finance quote put Dar Al Arkan at SAR 18.67 on Tadawul on October 8, 2026 at 3:18 p.m. AST, versus a prior close of SAR 19.27, a decline of 3.11 percent. Market capitalization was SAR 20.2 billion, and the 52-week range was SAR 14.58 to SAR 21.40.

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