In a significant development in the realm of international finance, Dar Global PLC, a Saudi-born luxury real estate developer, proudly announces the completion of its transition from the Equity Shares (Transition) category to the Equity Shares (Commercial Companies) category of the Official List of the UK Financial Conduct Authority (FCA). This momentous shift, effective from 08:00 BST on September 8, 2025, not only underscores Dar Global's commitment to excellence but also marks a historic milestone as the first Saudi Arabian company—and the first from the wider Middle East—to achieve such a transition on the London Stock Exchange's Main Market.
The implications of this transition extend beyond mere categorization. It encapsulates the evolution of Dar Global from its origins in Saudi Arabia into a prominent international player, reflecting the Kingdom's ambition to cultivate enterprises that can compete on a global scale. This strategic move aligns seamlessly with Saudi Arabia's Vision 2030, highlighting the Kingdom's capacity to nurture homegrown companies that adhere to the highest international standards, while simultaneously contributing to the global economy.
A Testament to Vision 2030
Dar Global's CEO, Ziad El Chaar, eloquently articulated the significance of this transition, stating, "Dar Global was born in Saudi Arabia and has grown into a company that represents the Kingdom on the world stage." His words resonate deeply with the ethos of Saudi Vision 2030, which aims to diversify the economy and promote the growth of local enterprises. The transition serves as a beacon of hope for other Saudi companies, demonstrating that they can not only thrive in international markets but also play a pivotal role in advancing national ambitions.
Moreover, Dar Global's collaboration with Rothschild & Co as its sole sponsor and financial adviser further underscores the importance of this achievement. This partnership, leveraging Rothschild's global expertise, has been instrumental in ensuring a smooth transition, thereby reinforcing Dar Global’s position as a leader in the luxury real estate sector. As the company continues its mission of bringing Saudi innovation and excellence to international markets, it simultaneously strengthens its unique identity while expanding its global reach.
The transition of Dar Global PLC marks a significant milestone not only for the company but also for the broader Saudi business landscape. It stands as a testament to the Kingdom's aspirations, showcasing the potential of Saudi enterprises on the world stage. As Dar Global embarks on this new chapter, it embodies the spirit of ambition and excellence that defines Saudi Arabia's future.
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