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  • 27-02-23

    Saudi real estate brand Dar Al Arkan’s subsidiary enters London Stock Exchange

    (MENAFN) Saudi Arabia real estate giant Dar Al Arkan Development Co. anticipates to register its global improvement subsidiary Dar Global on London Stock Exchange on Tuesday, 28th, of February.

    This is going to make Dar Al Arkan one of the initial Saudi global brands to register on the London Stock Exchange with an estimation of SR2.25 billion (USD600 million).

    The London Stock Exchange has been a vital cooperator to the Middle East in its attempts to grow the region’s local capital markets and economies across the whole world, in line with the London Stock Exchange's official website.

    “In the spirit of building partnerships and fuelling the evolution of capital markets in the Middle East, the London Stock Exchange Group has supported the Kingdom of Saudi Arabia in achieving a key pillar of its Vision 2030,” the website also stated.

    “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 to further diversify the group’s offerings across international communities with Dar Global,” Yousef Al-Shelash, Dar Al Arkan chairman, asserted in an announcement.

    MENAFN27022023000045014228ID1105650780

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