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Dar Al-Arkan expects 10% growth this year

Dar al-Arkan, the largest-listed real estate developer in Saudi Arabia has said it aims for more 10% growth in profits next year, and is comfortable financially after repaying most of its $2.25bn of Islamic debt, Reuters has reported. "So far we have paid back 6 billion riyals. What remains is SR2.4bn to be paid over the next three years," chairman Youssef al-Shelash said, adding that earnings would rise further next year as the pressure of repaying debt subsided.