Dar Al Majid Real Estate Q1 Profit 38.7 Mln Riyals

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Dar Al Majid Real Estate Company SCJSC TADAWUL:4326:DAR AL MAJID REAL ESTATE Q1 NET PROFIT 38.7 MILLION RIYALSDAR AL MAJID REAL ESTATE QTRLY SALES 208.2 MILLION RIYALSDAR AL MAJID REAL ESTATE Q1 SAW EXISTENCE OF CERTAIN CHALLENGES IN REAL ESTATE MARKETDAR AL MAJID REAL ESTATE Q1 SAW REVENUE RECOGNITION FROM OFF-PLAN SALES BASED ON PERCENTAGE OF COMPLETIONDAR AL MAJID REAL ESTATE - ABSENCE OF LAND SALES DURING CURRENT PERIOD UNTIL REAL ESTATE MARKET STABILIZES

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