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Dar Al Arkan struggles despite Saudi property boom

Posted on 01 December 2010

From Thenational.ae: The Saudi property market is booming, but the kingdom’s largest company in the sector continues to struggle. Dar Al Arkan shares are down almost 40 per cent in the past six months and the company said this week it would need to sell some assets in order to pay down debt.
It has been through a round of refinancing this year but is not getting any closer to clearing its outstanding payments, analysts say……………………………………….Full Article: Source


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