Saudi property developer Dar Global to list in London on Feb. 28

Feb 23 (Reuters) - Saudi property developer Dar Global said on Thursday it plans to directly list in London Stock Exchange's main market at a valuation of about $600 million.

Dar Global said it is expected to list its entire issued ordinary share capital on Feb. 28, adding that the listing was approved by Britain's Financial Conduct Authority.

Dar Global completed a private placement by issuing about 21 million shares at $3.33 per share to raise $72 million, the company said.
(Reporting by Jahnavi Nidumolu in Bengaluru)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Saudi property developer Dar Global to list in London on Feb. 28

By Reuters

Reuters

Reuters

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

CPI, ECB rate decision could be the catalyst gold needs, with $2,708 the key resistance – StoneX’s Razaqzada