(MENAFN) Saudi Dar Al Arkan Properties Company is to obtain $714.7 million asset base mostly comprised of retail and high-end housing properties.
Plans to present investors with 30% shares in Dar Al Arkan Properties have been through an initial public offering (IPO) have been declared December 31 by Dar Al Arkan Real Estate.
Dar Al Arkan Real Estate chief executive Ziad El Chaar confirmed that "more than 50 percent" portfolio of Dar Al Arkan Properties are to first be retail property whereas the rest to be residential units.
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