Al-Astira and Neptune Revenue Rise 66 Percent
Dar Global Real Estate Business Company, listed on the London Stock Exchange, announced a 66% increase in its revenues during the first half of 2026, reaching $258 million. This growth was supported by sales of its key projects, "The Astera" and "Neptune." The company also experienced an improvement in its gross profit margin, which rose to 34%, and increased its EBITDA by 73%. Net profits soared by 149% to $30.4 million. To further its growth, the company launched the "Riyana" project in Diriyah, spanning 2.6 million square meters, and has commenced construction work. It plans to utilize liquidity and financing to expand its investments in strategic markets, especially Saudi Arabia. Additionally, the company's financial results demonstrated strong performance and an expanding real estate portfolio, with an overall development value of $23 billion.
Notice: This Is an AI-Generated Summary
Comments (0)