On June 24, 2026, Dar Al Arkan Real Estate Development Company announced the results of its Ordinary General Assembly meeting held on June 23, 2026, at 19:30 at the company's Riyadh headquarters with 77.54% shareholder attendance. The assembly approved key resolutions including the appointment of external auditors for fiscal years 2026-2027 with fees of SAR 840,000 excluding VAT, and authorized related-party transactions with SHL Finance Company and Dar Global PLC, including a SAR 1,201 million outstanding loan to Dar Global PLC as of December 31, 2025. Additionally, shareholders approved SAR 3 million in board member remuneration for fiscal year 2025 and delegated authority to the Board of Directors to distribute interim dividends on a biannual or quarterly basis for fiscal year 2026.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.