Riyadh – Sharikat Mubasher: DarGlobal, the London-listed luxury international real estate developer, announced appointing Rothschild & Co, the leading global independent financial advisor, to explore further growth opportunities in the Saudi markets.
The company announced in November 2023 its intention to explore opportunities to expand into Saudi Arabia, to benefit from the growing international interest in the Kingdom, as per a recently issued press release.
DarGlobal will be assisted by its major shareholder Dar Al Arkan in Acquisitions and Joint Ventures within the Saudi market.
DarGlobal has enjoyed significant prior 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, bespoke investment opportunities to affluent and international mobile customers.
Ziad El Chaar, CEO of DarGlobal, said: "Our partnerships are key to our success and our deep-rooted commitment to delivering high-end bespoke investment opportunities for our clients will stand us in good stead as we forge ahead. We look forward to further enhancing our presence in the key London market even as we work alongside our major shareholder Dar Al Arkan to consolidate our acquisitions and joint ventures in the Saudi market. We are pleased to be working with the Rothschild & Co team on advancing our ambitions as we reinforce our brand presence in the region.”
DarGlobal expects to publish its half-yearly results up to 30 June 2024, on 26 September 2024.