Dar Global Lists on LSE
Posted on 02/28/2023
Dar Al Arkan announced the admission of Dar Global PLC, its independent international development subsidiary, to the Standard Segment of the Official List of the FCA and to the Main Market of the London Stock Exchange. The official direct listing on the London Stock Exchange makes Dar Al Arkan one of the first Saudi homegrown brands to list on the London stock exchange. Dar Global was established in 2017.
Dar Al Arkan collaborates with global luxury brands, including Missoni, W Hotels, Versace, Elie Saab, Automobili Pagani, and Automobili Lamborghini.
Along with a pipeline, Dar Global currently has eleven projects in six different countries, with three of its developments, Urban Oasis, the Da Vinci Tower in Dubai, and Sidra in Bosnia, set to be completed in the fourth quarter of 2023.
Advisors
Liberum Capital Limited acted as Capital Markets Adviser on the listing and Norton Rose Fulbright LLP acted as legal adviser on the listing.
