Saudi Dar Global to list its shares in London Stock ‎Exchange..Tuesday

Saudi Dar Global Real Estate Development Company announced on Thursday that it intends to directly list its shares on the main market of the London Stock Exchange on the basis of an estimated value of about $600 million.

According to “Reuters”, Dar Global said that it is expected to list its fully issued ordinary capital on February 28, adding that the British Financial Conduct Authority has approved the listing.

The company added that it had completed a private placement by offering about 21 million shares at a price of $3.33 per share, to raise $72 million.