Dar Al Arkan’s international arm, Dar Global, is listed on the London Stock Exchange with a valuation of $600 million

RIYADH: February 25 (RAHNUMA) Dar Al Arkan has become one of the first Saudi brands to be listed on the London Stock Exchange through its international arm Dar Global with a valuation of SR 2.25 billion ($600 million).

Established in 1994, Dar Al Arkan is one of the largest real estate companies in the Kingdom and has successfully admitted Dar Global to the standard segment of the Financial Conduct Authority’s Official List and to the main market of the London Stock Exchange.

Since its establishment in 2017, Dar Global has provided international real estate by focusing on the development of projects in the Middle East and Europe, including countries such as Qatar, Oman, London and Spain.

This is a very proud moment for us. Having pioneered a distinct approach to development in the Kingdom’s real estate sector, we believe it is time to further diversify the group’s offerings across international communities with Dar Global, said Yousef Al-Shelash, Chairman of Dar Al Arkan, in a statement.

The company also partners with global brands including Missoni, W Hotels, Versace, Elie Saab, Automobili Pagani and Automobili Lamborghini.

London is the ideal location as Dar Global seeks access to a larger pool of investors and partners to support its expansion ambitions in the global luxury real estate landscape. We thank the Ministry of Investment in Saudi Arabia for facilitating and supporting our global expansion and assisting us in spreading the Saudi Arabia brand globally, Al-Shelash added.

The company currently has 11 projects under development in six different countries, including Urban Oasis and the Da Vinci Tower in Dubai and Sidra in Bosnia, which are expected to be completed in the last quarter of 2023.