Riyadh – Mubasher: The general assembly of Dar Alarkan Real Estate Development Company (Dar Alarkan) approved that board’s proposal of not paying cash dividends for the full-year 2018 during the meeting held on 20 June.

The assembly has also approved the financials of 2018, according to a filing to the Saudi Stock Exchange (Tadawul) on Sunday.

Moreover, shareholders of the Saudi-based company elected members of the board of directors for the coming three years starting from 23 June.

It is worth noting that Dar Alarkan reported a 92.3% year-on-year drop in profits for the first quarter of 2019.