Brief: Dar Al Arkan Retains 88% Of Shares In Dar Global Post Listing

Dar Global

01/03/2023 06:10

March 1 (Reuters) - DAR AL ARKAN REAL ESTATE DEVELOPMENT
COMPANY  4300.SE :
    * DAR GLOBAL OFFERED 21.6 MILLION SHARES FOR SUBSCRIPTION
(CAPITAL
INCREASE), EQUIVALENT TO 12% OF TOTAL SHARES, THROUGH A PRIVATE
PLACEMENT
    * DAR GLOBAL OFFERED 21.6 MILLION SHARES AT A PRICE OF $3.33
PER
SHARE, WITH A TOTAL VALUE OF $72 MILLION
    * POST LISTING, RETAINS 88% OF SHARES IN DAR GLOBAL VALUED
AT $
527.5 MILLION
    * DAR AL ARKAN’S INVESTMENT IN DAR GLOBAL AT THE TIME OF
PRIVATE
PLACEMENT WAS US$ 281 MILLION
    * INCREASE OF CAPITAL AND PREMIUM OF US$72 MILLION WILL BE
RETAINED BY DAR GLOBAL TO EXPAND ITS OPERATIONS AND GROW AT A
FASTER RATE

Source text for Eikon:  ID:nSSEbYRJYl 
Further company coverage:  4300.SE 

 ((Reuters.Briefs@thomsonreuters.com;))