Dar Global gets $250m to advance expansion

Dar Global, the worldwide development arm of Saudi Arabia’s Dar Al Arkan, has secured new funding to drive expansion and accelerate project construction.

Emirates NBD, Dubai’s biggest bank by assets, said in a statement that it had arranged a $250 million syndicated term loan facility for the developer.

The lender’s investment banking arm, Emirates NBD Capital, acted as joint mandated lead arranger, bookrunner and sole documentation agent. 

The names of the participating banks were not disclosed.

Ahmed Al Qassim, group head of wholesale banking at Emirates NBD, said the financing is structured to provide Dar Global with flexibility to support its funding requirements and future growth.

“Access to diversified funding sources remains central to our strategy as we scale across key international markets,” said Ziad El Chaar, CEO of Dar Global.

London-listed Dar Global said revenue doubled to $539 million in 2025, supporting a 577 percent increase in net profit to $101 million.

The gross development value of its project portfolio reached $19 billion by the end of December, up from $7.5 billion a year earlier, driven by large projects in Saudi Arabia.

Last year, Dar Global awarded the main construction contracts for Trump Tower Jeddah; The Astera, Interiors by Aston Martin on Al Marjan Island, the UAE; Marea by Missoni (blocks C and D) in Spain; Great Escape Apartments in Oman; and phase 1 of the Aida development in Oman, comprising 91 villas and 60 townhouses.

Chairman David Weinreb said the Iran conflict had introduced a new dimension of regional uncertainty. 

Further reading:

• Dar Global to build Trump hotel and golf course in Riyadh
• Dar Global launches $4bn city project in Oman
• Ziad El Chaar interview: ‘Why are Arabs not allowed to dream?’