A subsidiary of Dar Alarkan announces start of listing, trading of its shares on London Stock Exchange

The Board of Dar Al Arkan Real Estate Development Company PJSC announced on Sunday that Dar Global PLC (“Dar Global”), the UK incorporated holding company for its Dubai headquartered international property development business, has published a prospectus (“Prospectus”) which has been approved by the UK Financial Conduct Authority in relation to its proposed direct listing on the standard listing segment of the Official List of the UK Financial Conduct Authority and to the London Stock Exchange’s main market for listed securities (“Admission”).

The company said today, the admission and commencement of dealings in Dar Global’s shares on the London Stock Exchange, is expected to occur at 08.00 a.m. GMT on 28 February 2023.

A copy of the announcement released by Dar Global PLC in respect of the publication of the Prospectus and Admission, and a copy of the Prospectus, is available at Dar Global’s website: www.darglobal.co.uk subject to certain access restrictions.

Dar Al Arkan Real Estate Development Company Said today on Tadawul that there is no material financial impact on it and Dar Global company, and any further updates in this regard will be announced later.

This comes further to the company’s announcements published on Tadawul website on dates 06/11/2022 and 29/12/2022 regarding strategic plans for one of its subsidiaries in Dubai.

Date of Posting the Previous Announcement of Development on Tadawul’s Website 29/12/2022.