Dar Global PLC Board Change
October 01 2024 - 1:00AM
RNS Regulatory News
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 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:
For
media enquiries, please contact:
Reem Altajer | Mai Elsayed
Burson
reem.tajer@bcw-global.com
mai.elsayed@bcw-global.com
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END
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