REG - Dar Global PLC - Jeddah Acquisition

About this update from Dar Al Arkan Real Estate Development Co.

RNS Number : 4731Y Dar Global PLC 08 September 2025 THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS FOR ANY OFFER TO PURCHASE OR SUBSCRIBE FOR ANY SHARES OR OTHER SECURITIES IN THE COMPANY NOR SHALL IT FORM THE BASIS FOR ANY CONTRACT OR COMMITMENT WHATSOEVER.For Immediate release 08 September 2025THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATIONDar Global PLC("Dar Global" or the "Company")ACQUISITION OF PRIME PLOT IN JEDDAH FOR THE DEVELOPMENT OF BRANDED MIXED USE SCHEMEDar Global PLC, a highly differentiated international real estate developer specialising in exclusive luxury developments across the Middle East and Europe, today announces that it has signed an agreement with Dar Al Arkan Real Estate Development Company to acquire a prime land parcel within an integrated masterplan in Jeddah for the development of a luxury mixed-use project.The site spans c.28,800 sqm within one of the city's most attractive new masterplans and is designated for a luxury scheme comprising premium residences, serviced apartments, retail, and office spaces. Strategically located near Jeddah's key lifestyle and entertainment destinations, the project will serve as a landmark destination with an estimated GDV of ~SAR 2.4 billion (USD 640 million).The acquisition consideration of ~SAR 233 million (USD 62 million) will be settled through a combination of cash generated from sales and/or Dar Global Plc shares, within 60 months from the signing of definitive agreements. This acquisition is a swap with the Jeddah acquisition announced on 17th March 2025.This acquisition underlines Dar Global's strategy to focus on prime locations and branded luxury projects that enhance its portfolio and reinforce Jeddah's position as a luxury real estate hub.For further enquiries, please contact:Dar [email protected] TraboulsiRothschild & Co (Sole Sponsor)+44 (0) 207 280 5000Peter EverestIndios SaparaNikhil WaliaBurson Buchanan (Financial Communications) +44 (0) 20 7466 5000Henry Harrison-Topham / Simon Compton / Jack Devoy [email protected] www.bursonbuchanan.comIMPORTANT NOTICE:The contents of this announcement have been prepared by and are the sole responsibility of the Company. The Company is not offering any Ordinary Shares or other securities in connection with the prop...

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