close
close

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

Posted on by darion

  • Acquisitions and joint ventures are an important part of the expansion plans in both markets.
  • Dar Global will be supported by key stakeholders Gift of Al Arkan in facilitating acquisitions and joint ventures in the Saudi market
  • Dar Global has previously announced its expansion plans to Saudi ArabiaIN November 2023

DUBAIUAE, August 21, 2024 /PRNewswire/ — Dar Global, London-a publicly 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 London AND Saudi Arabia markets. The 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
5 million sq m of commercial and residential space was needed, including world-class facilities that provide an affluent lifestyle

While London this market remains a key focus for Dar Global, the company announced in November 2023 its intention to explore the possibility of expanding into Saudi Arabiato capitalize on growing international interest in the Kingdom. Dar Global will be supported by its major shareholder Dar Al Arkan in acquisitions and joint ventures in the Saudi market. Dar Global has previously achieved significant success in similar transactions across its portfolios, partnering with landowners, government organizations and some of the world’s leading luxury and hospitality brands to deliver high-end, personalized investment opportunities to affluent and mobile clients around the world.

Ziad El ChaarCEO of Dar Global, said: “Our partnerships are key to our success and our deep-rooted commitment to providing our clients with high-quality, tailored investment opportunities will provide us with a strong foundation as we move forward. We look forward to continuing to grow our presence in key London market, even if we cooperate with our main shareholder Gift of Al Arkan to consolidate our acquisitions and joint ventures in the Saudi market. We are pleased to be working with the Rothschild & Co team to realise our ambitions, strengthening our brand presence in the region.”

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