Dar Global to start trading on LSE on Feb. 28

26/02/2023 Argaam
Logo of Dar Al Arkan Real Estate Development Co.

Logo of Dar Al Arkan Real Estate Development Co.

Dar Al Arkan Real Estate Development Co. expects to list its international development subsidiary, Dar Global, and begin trading of its shares on the London Stock Exchange (LSE) on Feb. 28, at 8:00 am GMT.

 

In a statement on Tadawul, the company said that Dar Global issued its prospectus, approved by the United Kingdom’s Financial Conduct Authority (FCA), regarding its listing.

 

There is no material financial impact on Dar Al Arkan or Dar Global, the developer pointed out, noting that any further developments will be announced.

 

The company’s portfolio has 11 premium projects in six different countries. Three of these – Urban Oasis, the Da Vinci Tower in Dubai, and Sidra in Bosnia – are set to complete in Q4 2023.

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