Arada completed the acquisition of a 75% stake in Regal.

Arada, a real estate company that focuses on building property development, retail, education, and hospitality, completed the acquisition of a 75% stake in Regal, a provider of residential-led mixed-use developments and property selling services. Financial terms were not disclosed. “We have been impressed by the platform the Regal team has built, as well as the inspirational schemes they are delivering, which reflect our own, long-term focus on experience, amenity and the customer. Leveraging Arada’s extensive design and placemaking capabilities, delivery track record and capital resources, we are well placed to support Regal’s evolution and unlock new opportunities for growth,” Ahmed Alkhoshaibi, Arada Group Chief Executive.