Dar Al-Arkan sells residentail plot to SABIC (9742D)
May 23 2012 - 11:14AM
UK Regulatory
TIDM44GO
RNS Number : 9742D
Dar Al-Arkan International Sukuk II
23 May 2012
Dar Al Arkan Real Estate Development Company announces the sale
of a portion of the residential land at Shams ArRiyadh Project.
Dar Al Arkan Real Estate Development Company announces the sale
of a portion of the residential land at its project Shams ArRiyadh,
in the city of Riyadh, on 22/05/2012, to the Saudi Basic Industries
Corporation SABIC, which will build a residential compound for its
employees. The total land area sold is 1,854,225.6 sqm, sold for
SAR 400 per sqm, and the total revenue amount generated from the
transaction is SAR 741,689,840. The transaction will be reflected
in the second quarter of 2012 financial results.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFLEEVIVFIF
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