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DAR GLOBAL ASSIGNS ROTHSCHILD & CO TO EXPLORATE FURTHER GROWTH OPPORTUNITIES IN LONDON AND SAUDI ARABIA MARKETS

Posted on by darion

  • Acquisitions and joint ventures are an important part of the expansion plans in both markets.
  • Dar Global to be supported by major shareholder Dar Al Arkan in facilitating acquisitions and joint ventures in the Saudi market
  • Dar Global previously announced its plans to expand into Saudi Arabia in November 2023.

DUBAI, UAE, Aug. 21, 2024 /PRNewswire/ — Dar Global, a London-listed luxury international real estate developer, is pleased to announce the appointment of Rothschild & Co, a leading global independent financial advisor, to explore further growth opportunities in the London and Saudi Arabian markets. This move is part of Dar Global’s strategic plan to expand its presence in these two markets.

5 million sq m of commercial and residential space was needed, including world-class facilities that provide an affluent lifestyle

While the London market remains a key focus for Dar Global, the company announced in November 2023 its intention to explore expansion into Saudi Arabia to capitalise on the growing international interest in the Kingdom. Dar Global will be supported by its principal shareholder Dar Al Arkan in acquisitions and joint ventures in the Saudi market. Dar Global has previously enjoyed considerable success in similar transactions across its portfolio, working with landowners, government organisations and some of the world’s leading luxury and hospitality brands to deliver high-end, bespoke investment opportunities to affluent and mobile clients around the world.

Ziad El Chaar, CEO of Dar Global, said: “Our partnerships are key to our success and our deep-rooted commitment to providing our clients with high-quality, bespoke investment opportunities will position us well as we move forward. We look forward to further increasing our presence in the key London market, even as we work with our major shareholder Dar Al Arkan to consolidate our acquisitions and joint ventures in the Saudi market. We are delighted to be working with the Rothschild & Co team to deliver on our ambitions as we strengthen our brand presence in the region.”

Dar Global expects to release its half-year results by June 30, 2024, which is September 26, 2024.

Photo – https://mma.prnewswire.com/media/2486696/World_Class_Facilities.jpg

Cision View original content: https://www.prnewswire.co.uk/news-releases/dar-global-appoints-rothschild–to-exploit-further-growth-opportunities-in-london-and-saudi-arabia-markets-302227481.html