DarGlobal enlists Rothschild for expansion plans

London-listed luxury real estate developer DarGlobal has appointed Rothschild & Co to help with its expansion plans. The financial adviser will help the group explore further growth opportunities in London and Saudi Arabia. Dar said that while the London market remained a key focus for its expansion, the group is keen to expand into Saudi Arabia to benefit from growing international interest in the country. DarGlobal will be assisted by its major shareholder Dar Al Arkan in acquisitions and joint ventures within the Saudi market. Chief executive Ziad El Chaar said: “Our partnerships are key to our success, and our deep-rooted commitment to delivering high-end bespoke investment opportunities for our clients will stand us in good stead as we forge ahead. We look forward to further enhancing our presence in the key London market even as we work alongside our major shareholder Dar Al Arkan to consolidate our acquisitions and joint ventures in the Saudi market.”