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LONDON - Dar Global PLC announced Monday it will transfer its listing category on the London Stock Exchange (LON:LSEG) from Equity Shares (Transition) to Equity Shares (Commercial Companies) effective September 9, 2025.
The international luxury real estate developer, which specializes in developments across the Middle East and Europe, requires Financial Conduct Authority (FCA) approval for the transfer but does not need shareholder approval. The company has provided the required 20 business days’ notice with today’s announcement.
Dar Global was founded as the international arm of Dar Al Arkan Real Estate Development Company, which maintains an 87.99 percent shareholding in the company. Since its London listing in February 2023, Dar Global has built a portfolio of 19 projects with an estimated gross development value of $12.5 billion.
The company stated the transfer would increase its profile, support growth through better access to capital, provide shareholders with increased protections under UK Listing Rules, and remove a barrier to potential inclusion in the FTSE UK Index Series.
Following the transfer, Dar Global will be subject to additional regulatory provisions, including requirements to appoint a sponsor in certain circumstances, comply with specific eligibility requirements, make announcements regarding significant transactions, and adhere to restrictions on further share issuances.
The company has appointed Rothschild & Co as its sponsor for the transfer process. Dar Global also announced it will amend its relationship agreement with its controlling shareholder, Dar Al Arkan, to align with the related party transaction requirements that will apply after the transfer.
Dar Global confirmed it currently has 180,021,612 ordinary shares in issue as of August 8, 2025, according to the press release statement.
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