Dar Al-Arkan Real Estate Development Company ranked first in the real estate and construction sector in the Kingdom of Saudi Arabia, and fifth in the Arab world in the same sector, as part of the 2014 list of the 500 Most Powerful Companies in the Arab World, recently published by Forbes Middle East. The Forbes Middle East list was based on rigorous criteria in its analytical study of more than 500 Arab companies listed on stock markets in 11 Arab countries, focusing on the annual financial statements disclosed for 2013, which were compiled from stock markets across the Arab region. The following criteria were used in compiling this list: total revenue, net profit, total assets, and market capitalization, with financial performance as of December 2012 serving as the reference point. On behalf of the Chairman of the Board of Directors of Dar Al-Arkan Real Estate Development Company, His Excellency Mr. Youssef bin Abdullah Al-Shallash, His Excellency Dr. Abdulrahman bin Hamad Al-Harkan —Chief Executive Officer—at a distinguished ceremony attended by a select group of leading CEOs from public and private companies and institutions, as well as diplomatic missions from the United Arab Emirates, the Kingdom of Saudi Arabia, Jordan, Kuwait, Iraq, and all countries in the region. Commenting on this achievement, His Excellency Dr. Abdulrahman bin Hamad Al-Harkan, Chief Executive Officer of Dar Al-Arkan Real Estate Development Company, said: «We are proud of this selection by such a prestigious organization, which represents clear recognition of Dar Al Arkan’s solid financial capabilities, the effectiveness of its strategy, and its competitive strength—all of which have earned it a leading position in the Kingdom’s real estate market. This is the result of the company’s successful management of its business and assets, as well as the prudent financial policies it adopted during 2013, which aimed to strengthen the company’s financial position and enhance its cash liquidity, thereby contributing to the stability of its operations.». He considered Dar Al-Arkan to be the most capable of innovating and capitalizing on the drivers of the Saudi real estate market to achieve sustainable growth, and the most efficient at adapting to various market changes through the continuous development of its business, which enables it to continue delivering its various projects and achieving strong financial performance. Dr. Al-Harkan added: «Dar Al-Arkan has proven its excellence in the Saudi real estate sector thanks to its strong capabilities and financial strength, as well as its ongoing commitment to providing the Saudi community with integrated residential environments that meet all social, environmental, and economic requirements, as well as finding the best real estate solutions for the community. This is evidenced by the wide range of pioneering, high-quality real estate projects that Dar Al-Arkan has brought to the local market. The company has delivered more than 30 real estate projects, providing over 15,000 residential units, benefiting more than 70,000 people, in addition to developing more than 10 million square meters of land and providing over 500,000 square meters of leasable space.»