LONDON: Dar Global celebrated on Tuesday its official transfer to the Equity Shares (Commercial Companies) category, announced in September, and rang the market-opening bell at the London Stock Exchange.
Since its establishment in 2017, the Saudi-born real estate company has emerged as a key player in the luxury real estate market, developing projects in nearly 14 cities across the Gulf Cooperation Council, the UK, Spain, Greece, and Bosnia.
It was the first Saudi homegrown company to be listed on the LSE in February 2023 and the first from the broader Middle East to transition to the higher ESCC standard.
“The choice of coming here reflects our belief in London’s deep and sophisticated capital markets, our confidence in the UK’s resilience and the value we saw in tapping into a global investor base,” David R. Weinreb, the non-executive chairman of Dar Global, told Arab News.
Dar Global representatives rang the market-opening bell at the London Stock Exchange on Tuesday. (Supplied)
