Dar Global Expands into DIFC Finance, Secures $165M Facility

Dubai, UAE – August 11, 2025 – Dar Global, the London-listed luxury real estate developer and international property arm of Saudi Arabia’s Dar Al Arkan, is expanding into financial services with the acquisition of a licensed financial services company in the Dubai International Financial Centre (DIFC). The move will enable the company to diversify its revenue streams and enhance its global investment capabilities.

In a parallel development, Dar Global has strengthened its liquidity through a $165 million facility underwritten by Emirates NBD, with participation from Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), and Zand Bank.

According to a statement to the London Stock Exchange (LSE), the financing structure is secured by a pledge of shares and backed by corporate guarantees.

Strategic Expansion in Saudi Arabia

Alongside its DIFC move, Dar Global has entered into a joint development agreement with Dar Al Arkan and completed strategic land acquisitions in Riyadh and Jeddah, increasing its Gross Development Value (GDV) to approximately $12.5 billion.

“These milestones mark an important inflection point for Dar Global,” said Ziad El Chaar, CEO of Dar Global. “In Saudi Arabia, we are delivering landmark projects in prime locations and looking to bring in more overseas investment as the Kingdom opens up.

The enhanced financing facility reinforces our balance sheet to fuel growth at scale, and the establishment of a financial services arm in DIFC enhances our ability to structure capital and unlock global opportunities that previously would not have been available to the Group.”

High-Profile Projects in Dubai

Dar Global has been actively expanding its portfolio in the UAE. In April, the company, in partnership with The Trump Organization, launched a $1 billion, 80-storey tower in Dubai featuring luxury penthouses, a hotel, and branded residences.

With the new financial services arm, strengthened liquidity, and strategic land acquisitions, Dar Global is positioning itself for accelerated growth across both the GCC real estate and global investment sectors.