Saudi’s Dar Al Arkan lists its international unit on London Stock Exchange

By Arya M Nair, Official Reporter
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Dar Global listing on LSE
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Dar Global PLC, the independent international development subsidiary of the Saudi Arabian real estate company, Dar Al Arkan, has been added to the Standard Segment of the Official List of the financial conduct authority (FCA) and the Main Market of the London Stock Exchange.

The official direct listing makes Dar Al Arkan one of the first Saudi homegrown brands to list on the London stock exchange.

Dar Global has embarked on a journey to establish a highly differentiated international real estate business predominantly focusing on developing projects comprising luxury second and vacation homes for its global clientele, in some of the most quintessential, handpicked locations across the Middle East and Europe, including downtown Dubai, Qatar, Oman, and London in addition to the Costa del Sol region in Southern Spain.

Yousef Al Shelash_Dar Global PLC lists on LSE
Yousef Al Shelash
Chairman – Dar Al Arkan

“This is an extremely proud moment for us. After pioneering a distinct approach to development in the Kingdom’s real estate sector, we believe it is time further to diversify the group’s offerings across international communities with Dar Global. London is the ideal venue as Dar Global looks to access 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 brand of Saudi Arabia globally.”

While building a robust portfolio, the company also collaborates with global luxury brands, including Missoni, W Hotels, Versace, Elie Saab, Automobili Pagani, and Automobili Lamborghini. Every Dar Global offering will be bold and sophisticated, modeled by renowned design icons, and maintained by experts within the field, boosting all things bespoke.

Along with an extensive pipeline, the company currently has eleven premium projects in six different countries, with three of its developments, including Urban Oasis, the Da Vinci Tower in Dubai, and Sidra in Bosnia, set to be completed in Q4 2023.

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