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IN BRIEF: Dar Global agrees loan facility with Emirates

30th May 2023 21:54

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.

Current stock price: 3.66 pence, closing down 2.40% in London on Tuesday

12-month change: up 1.7%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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