Jericho:Arkan Real Estate has disclosed its business results and consolidated financial statements for the third quarter of 2026. The company reported a profit attributable to its shareholders amounting to $18.4 million, marking a 23% increase from the $14.9 million reported during the same period in 2025.
According to Maan News Agency, this growth is attributed to increased revenues from Arkan's investment portfolio and improved operational performance of the Jericho Gate project, which has significantly contributed to boosting the company's operating profits.
In terms of financial position, Arkan Real Estate's assets reached $591 million. Meanwhile, the company's liabilities decreased by 14% compared to the end of 2025, now standing at $19.3 million. This decrease reflects an improvement in the liabilities structure and underscores the strength of Arkan's financial position.
Arkan Real Estate commenced operations in July 2022 as a public shareholding company with a capital of 131.6 million shares. The company owns a strategic real estate portfolio across several vital locations in Palestine, notably the Jericho Gate project. This positions Arkan to develop quality real estate projects, invest in new cities and neighborhoods, and enhance its presence in the real estate development and investment sector in Palestine.