Saudi-based Dar Al Arkan Real Estate Development Company has announced the resignation of its chief executive officer, Ziad El-Chaar, according to reports on Thursday. Through the partnership program and the terms and conditions of “Wafi,” the off-plan sales program, MOH is planning to meet the purchasing power of middle-class and low-income citizens. Dar Al Arkan official website addresses are: daralarkan.com, alarkan.com or alarkan.email. Eissa Al-Essa, the CEO of Samba, said the weeklong Dar Al-Arkan IPO, offering 59.45 million shares worth SR3.33 billion, drew huge response from Saudi investors. DAR AL-ARKAN REAL ESTATE DEVELOPMENT COMPANY has 673 total employees across all of its locations and generates $931.16 million in sales (USD). This followed … Based in Riyadh, it was established in 1994 by six business families with real estate development experience in response to the demand for housing from the rapidly growing Saudi population. Welcome to Dar Al Arkan Logistics(دار الأركان مرحبا بك في اللوجستية ) We have years of experience in the business of logistics, warehousing, distribution, trucking and supply chain management services, and aim to provide our clients with convenience, reliability and affordability through our premium logistic services. It is the largest developer by market value in Saudi Arabia. The official Social Media channels are: https://www.linkedin.com/company/daralarkan, https://facebook.com/daralarkan, https://instagram.com/DarAlArkanProp, https://t.me/Dar_AlArkan, https://youtube.com/DarAlArkanDev or https://twitter.com/DarAlArkan. However, the CEO shared no new update on the listing. Ziad El Chaar is Appointed as CEO of Dar Al Arkan, 800 123 3333, 800 301 0033, +966 55 200 6556. Read more: Saudi’s Dar Al Arkan appoints former Damac MD as CEO. “Wafi” program requires developers to have strong financial and technical capabilities coupled with a land portfolio in the high demand areas such as Riyadh, Jeddah, and Eastern Province. The issuance listed on the NASDAQ Dubai and received significant interest with the order book equal to 2 times of the amount issued. For his part, Mr. Ziad El Chaar, the new CEO of Dar Al-Arkan, expressed his pleasure for joining the company, the pioneer real estate developer in the Kingdom. Dar Al Arkan has no other websites. It is worth mentioning that Mr. Ziad holds a Master's degree in Business Administration from the American University in Beirut. Such qualifications will enable developers to provide high-quality housing units at prices that match the range set by the MOH for the lists of beneficiaries, and all such requirements are already available to Dar Al Arkan,” said Mr. El Chaar. Dar Al Arkan projects are witnessing good pricing performance, the CEO revealed, adding its actively selling projects include Shams Ar Riyadh and Parisiana in Riyadh and Naeem El Jiwar in Madina. Dar Al-Arkan Real Estate Development Company announced the appointment of Ziad El Chaar as Chief Executive Officer of the company as of June 1, 2017, a statement published on the Saudi Stock Exchange (Tadawul) website showed. Dar Al Arkan official website addresses are: daralarkan.com, alarkan.com or alarkan.email. El Chaar replaces Dr Abdulrehman Hamad Al-Harka who resigned as CEO and board member last month. Moreover, the company is operating in a promising and vibrant market that is marked by a growing demand for real estates, particularly the residential products.
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