Dar Global PLC announced that its UAE based wholly owned subsidiary has signed an AED 750 million (equivalent to approximately USD 204 million) secured term loan facility (the "Facility") with Emirates NBD. The Facility has a tenure of four years and is priced at a competitive fixed margin over the Emirates Interbank Offered Rate ("EIBOR"). The Board of Dar Global envisages using the proceeds from the facility for future asset acquisitions and general corporate purposes (including working capital requirements), as the Group continues to build its international portfolio of luxury second home and leisure developments in desirable locations across Europe and the Middle East.