Landmark eyes IPO on Saudi exchange

28 October 2010

Listing is part of company’s expansion strategy

Dubai retail conglomerate Landmark Group is considering an initial public offering (IPO) on the Saudi Arabian stock exchange next year as part of its expansion strategy, The National has reported. The company is looking to list in Dubai and India at a later date but is in discussion to offer shares to investors on the Saudi exchange first, the chief executive of Landmark, Vipen Sethi, said. The group also plans to open 100 stores and expand its workforce between 15 per cent and 20 per cent over the next year, he said.

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