3rd Nov 2025 11:13
(Alliance News) - Dar Global PLC on Monday said its continued expansion in Saudi Arabia has helped the company achieve a "milestone" gross development value.
The real estate developer, which also has luxury projects in the UK, Spain, UAE, Qatar and Oman, said it reached a GDV of USD19 billion, with its total international development pipeline exceeding USD19 billion across multiple markets.
Dar Global attributed its increase in GDV to recent launches in the Gulf Cooperation Council.
The company's GDV stood at USD7.7 billion at the end of June, up from USD6.8 billion a year prior.
This was before rising to USD12.5 billion at the end of September "driven by the addition of two large-scale development projects in Saudi Arabia", according to the company's half-year results.
Dar Global said the gross development value "milestone reflects Dar Global's position at the forefront of Saudi Arabia's ongoing transformation, as the country prepares to open its property market to expatriate investment in January 2026."
The company said it will provide updates on its Saudi projects "in due course", when they are disclosed.
Chief Executive Ziad El Chaar said: "Dar Global was built on a deep understanding of where global and regional wealth flows are heading. As the Kingdom enters a new phase of openness and global integration, we are uniquely positioned to lead this next chapter, connecting international investors to the Saudi story.
"The increase of our GDV to USD19 billion reflects not just growth in numbers, but confidence in our vision, our execution, and in Saudi Arabia's extraordinary potential."
Shares in Dar Global were last traded at 7.18 US cents in London on Friday.
By Roya Shahidi, Alliance News reporter
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