(Alliance News) - Dar Global PLC on Wednesday said it launched over USD1.9 billion worth of luxury real estate projects in 2024, spanning Saudi Arabia, the UAE, Qatar, Oman, and Spain, as it gears up for an expansion into the US in 2025. Read More
Dar Global PLC - London-based luxury real estate developer - Starts sales of residences in Trump Tower Jeddah in Saudi Arabia, as part of the group's decade-long partnership with Trump Organisation, US President-elect Donald Trump's real estate business. Once completed, the 47-floor residential building will be one of the city's tallest residential towers and is valued at SAR2 billion, about USD533.3 million. It is the third collaboration between Dar Global and Trump, joining projects in Oman and Dubai. Chief Executive Officer Ziad El Chaar says: "Our ongoing collaboration with the Trump Organisation not only redefines luxury living but also strengthens Jeddah's position as a world-class urban hub." Read More
Dar Global PLC - London-based luxury real estate developer - Announces David Weinreb as chair to replace David Hunter, effective immediately. David Weinreb was co-founder & chief executive officer of Howard Hughes Corp, a Texas, US-based real estate development and management company now trading under the name Howard Hughes Holdings Inc, and is currently chair of Weinreb Ventures, a real estate-focused investment and advisory firm. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced recently and not separately reported by Alliance News: Read More
(Correcting cost of revenue figure) Read More
(Correcting that Dar Global swung to a pretax loss.) Read More
(Alliance News) - Dar Global PLC on Thursday said its half-year profit and revenue have fallen, following delayed revenue recognition for its projects under construction. Read More
Dar Global PLC - London-based luxury real estate developer and representative of Dar Al Arkan Real Estate Development Co PJSC - Dar Global and its majority shareholder Dar Alarkan Global Investment LLC secure a loan facility for up to USD275 million from Dubai's Emirates NBD Bank PJSC and other consortium partners. Dar Al Arkan Real Estate Development Co pledges 158.0 million Dar Global shares to Emirates NBD and the other lenders as security for the lending facility. The proceeds from the facility will be extended to Dar Global by Dar Alarkan Global Investment as a secured loan with a term of up to 42 months. The loan is priced at a "competitive" fixed margin over a benchmark, the Emirates interbank offered rate. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Dar Global PLC on Friday said it expects its 2023 results to top market expectations, as it enjoyed "continued positive momentum across a number of areas". Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Monday, and not separately reported by Alliance News: Read More
(Correcting that Dar Global's financial results were in US dollars.) Read More
(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Dar Global PLC on Wednesday said that it has partnered with Missoni to launch Marea, interiors by Missoni, an exclusive residential development project in the south of Spain. Read More
Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Says it previously entered a loan facility agreement with George Roach for up to GBP1.7 million, but has on Wednesday agreed to increasing its size to GBP2 million, and to waive any interest on a repayment of the facility in cash. Read More
Dar Global PLC - Luxury international real estate developer - Says that Shivaraman Iyer has stepped down from the board as an executive director of the company with effect from August 8. Iyer will continue in his role as chief financial officer, and will also remain part of the company's executive management team. Read More
Dar Global PLC - luxury international real estate developer - Announces that its UAE-based wholly owned subsidiary has signed an AED750 million, around USD204 million, secured term loan facility with Emirates NBD. Envisages using proceeds from the facility for future asset acquisitions and general corporate purposes as the group continues to build its international portfolio of luxury second home and leisure developments in desirable locations across Europe and the Middle East. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Dar Global PLC on Tuesday announced the launch of sales for a mixed-use gated community located in Muscat, Oman called Aida, featuring a "Trump golf course". Read More
(Alliance News) - Dar Global PLC shares inched higher on Tuesday after it debuted on the Main Market of the London Stock Exchange. Read More