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Al Arkan sukuk surges as profit falls

Wed, 2011-10-05 10:44 — newsdesk

Real Estate Development Company may have problems to pay its debt among a slump in profits.
Investors are worried that the company may adress to "asset liquidation, which may result in sales of assets below market price". A decline in profit of for 10 consecutive quarters was noticed by the developer after demand for land in the kingdom fell.

Source: 

http://gulfnews.com/business/markets/al-arkan-sukuk-surges-as-profit-fal...