Dar Global PLC - London-based representative of Dar Al Arkan Real Estate Development Co PJSC in Saudi Arabia - Plans direct listing on the London Main Market on Tuesday next week. Market capitalisation is USD600 million, based on the price of a private placement in February. The placement of 21.6 million shares at USD3.33 each raised USD72 million gross. Represents the international assets of Riyadh-listed DAARE, which has developed 15,000 luxury residential units with total assets of USD8.5 billion. Dar Global develops second homes for internationally mobile customers in locations such as Dubai in the United Arab Emirates, Muscat in Oman, and the Costa del Sol in Spain.

By Tom Waite, Alliance News editor

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