Dar Al-Arkan Real Estate Development Company announced the inclusion of its international company, Dar Global, in the primary listing sector on the official list of the Financial Conduct Authority in the United Kingdom (FCA) and the main market of the London Stock Exchange (LSE), with a market capitalization of 2.5 billion riyals. .
Dar Al-Arkan Chairman Yousef Al-Shalash said: “The listing of Dar Global on the London Stock Exchange is a historic moment that calls for pride. After our success in establishing a distinctive approach to real estate development in the Kingdom, we believe that the time has come to diversify the group’s offerings across international communities through Dar London is the perfect place to list Dar Global, as it fulfills our aspirations to reach a wider spectrum of investors and partners in the global luxury real estate market.We sincerely thank the Ministry of Investment in the Kingdom for providing all the necessary facilities to support expansion efforts and help us spread the Kingdom’s brand across the world. “.
Dar Al-Arkan said in a statement today, Thursday, that it had become one of the first Saudi companies to be listed on the London Stock Exchange.
Building on the legacy of Dar Al-Arkan, one of the largest real estate companies in the Kingdom of Saudi Arabia and the region, Dar Global begins its journey as an international real estate company focused primarily on developing international homes and luxury holiday homes for its global clients in hand-picked locations across the Middle East. Middle East and Europe, including downtown Dubai, Qatar, Oman and London, as well as the Costa del Sol region in southern Spain.
In its endeavor to build a strong investment portfolio, the company cooperates with international brands such as “Misoni”, “W Hotels”, “Versace”, “Elie Saab”, “Automobili Pagani” and “Automobili Lamborghini”.
The company’s portfolio includes 11 distinct projects in 6 different countries; Of these, 3 projects scheduled for completion in the last quarter of 2023 are Urban Oasis, the Da Vinci Tower in Dubai, and Sidra in Bosnia.