1 October 2024
DAR GLOBAL PLC
('Dar Global', or the 'Company', or the 'Group')
BOARD CHANGE
Dar Global, the luxury international real estate developer, announces that David Hunter will step down as chairman on 3rd of October 2024 and will resign from the Board on the same date.
An announcement about his replacement will follow shortly.
David Hunter commented: "Having led the Company through its London flotation and having recently reported that it is on track to meet its US$700 million revenue target for FY2024 and F2025, I feel the time is right to hand over the reins. I look forward to my new role as an adviser to the Company's ultimate controlling shareholder. Dar Global is a company with tremendous prospects and I wish it well for the future."
Ziad El Chaar, CEO, added: "We are deeply grateful to David Hunter for his leadership during a transformative period for Dar Global. His guidance was instrumental in our successful transition to a listed company and subsequent rapid growth over the last 18 months."
END
About Dar Global:
Dar Global PLC is a highly differentiated international real estate business. It focuses predominantly on developing real estate projects comprising second homes for internationally mobile customers in some of the most desirable locations across the Gulf Cooperation Council (GCC) and Europe, including downtown Dubai, Muscat in Oman, and the Costa del Sol region in the South of Spain.
Dar Global was admitted to the Main Market of the London Stock Exchange on 28 February 2023.
Please visit www.DarGlobal.co.uk
For further enquiries, please contact:
| Dar Global PLC Abhilash Paul
|
|
| Panmure Liberum (Corporate Broker) Dru Danford Jamie Richards Will King Nikhil Varghese
| +44 (0) 20 3100 2000 |
| Sodali & Co. (Financial PR Adviser) Justin Griffiths Louisa Henry | darglobal@powerscourt-group.com +44 (0) 20 7250 1446 |
For media enquiries, please contact:
Reem Altajer | Mai Elsayed
Burson
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.