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Dar Global PLC reported record gross development value growth in 2025 on Wednesday, citing expansion into Saudi Arabian developments, stock exchange reclassification, and financial services ambitions. Dar Global’s annual revenue more than doubled to $538.6 million from $240.3 million the previous year. Its pretax profit multiplied to $112.7 million, up from $14.0 million. Its portfolio GDV more than doubled to $19 billion from $7.5 billion. It credits ‘landmark project launches’ and land acquisitions in the Saudi cities of Riyadh and Jeddah, as well as in Oman. It has been awarded the main construction contracts for many developments across the region, including Trump Plaza, in collaboration with US President Donald Trump’s the Trump Organisation, and a prominent development project with an expected GDV of $1.95 billion. Chief Executive Officer Ziad El Chaar said: ‘With strong sales momentum, accelerating project execution, and a strategic foothold in Saudi Arabia ahead of its landmark opening to foreign investors, we remain resilient. ‘Despite the prevailing global uncertainties, we enter 2026 with conviction in our strategy and full confidence in our ability to drive sustainable growth and long-term value creation for our stakeholders.’ In September, the UK Financial Conduct Authority approved Dar Global to be listed under the Equity Shares (Commercial Companies) category, making it the first Gulf Cooperation Council-based company to do so. As previously reported, the company says it will further endeavour to prioritise financial flexibility by entering asset management. It has proposed the proposed acquisition of a licensed platform based in the Dubai International Finance Centre, saying it will expand their access to global capital. Shares in the Dubai, United Arab Emirates-based luxury real estate developer fell 3.0% to 6.55 cents per share in London on Wednesday afternoon. Shares have been up 25% overall in the last 12 months. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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