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Saudi real estate giant Dar Al Arkan on Monday said Dar Global PLC, its international development subsidiary, has been listed on the London Stock Exchange (LSE) with a valuation of 2.25 billion riyals ($600 million.)
The company is one of the first Saudi homegrown brands to list on the London stock exchange, the largest real estate company in Saudi Arabia said in a statement.
Yousef Al Shelash, Chairman, Dar Al Arkan, said it is now time to further diversify the group's offerings across international communities. "London is the ideal venue as Dar Global looks to access a larger pool of investors and partners to support its expansion ambitions in the global luxury real estate landscape."
(Writing by Brinda Darasha; editing by Seban Scaria)
