REG - Dar Global PLC - Board Change

Dar GlobalAnnouncement

01/10/2024 07:00

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RNS Number : 3181G  Dar Global PLC  01 October 2024

 

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 3(rd) 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 (http://www.darglobal.co.uk)

 

 

For further enquiries, please contact:

 

 Dar Global PLC                           apaul@darglobal.co.uk (mailto:apaul@darglobal.co.uk)

 Abhilash Paul                            ir@darglobal.co.uk (mailto:ir@darglobal.co.uk)

 Panmure Liberum (Corporate Broker)       +44 (0) 20 3100 2000

 Dru Danford

 Jamie Richards

 Will King

 Nikhil Varghese

 Sodali & Co. (Financial PR Adviser)      darglobal@powerscourt-group.com (mailto:darglobal@powerscourt-group.com)

 Justin Griffiths                         +44 (0) 20 7250 1446

 Louisa Henry

 

 

For media enquiries, please contact:
Reem Altajer | Mai Elsayed

Burson

reem.tajer@bcw-global.com (mailto:reem.tajer@bcw-global.com)

mai.elsayed@bcw-global.com (mailto:mai.elsayed@bcw-global.com)

 

 

 

 

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