Landmark Group plans Saudi listing

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Landmark Group, one of the largest retail conglomerates in the Middle East, plans to go public and has selected the Arab world’s largest stock market — Saudi Arabia — for its listing, a top executive of the group said.

“It’s on the drawing board for Saudi Arabia and for the UAE that would be in the next phase,” Landmark Group Chief Executive Officer Vipen Sethi told Khaleej Times in an interview.

Without disclosing further details and exact date for the stock market listing, Sethi said, “We don’t have a date on that at the moment and it will take time. May be in the next 24 months.”