Press Release: Dar Al-Arkan retains its long-term corporate rating at 'BB-', with a stable outlook from Standard and Poor's
Dar Al Arkan Real Estate Development Company (DAAR) announced that it has received a reaffirmation of its "BB-"long-term corporate rating with a stable outlook from Standard & Poor's (S&P) after its recent review. The reaffirmation was granted, given that DAAR's financial performance during the second quarter improved in comparison to the first quarter in terms of margins, collection of trade receivables and operating cash flow generation.
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