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Monday, 12 March 2018

Landmark Sabbour plans to IPO by year’s end, eyes dual listing on DFM

IPO WATCH- Landmark Sabbour is planning to list 25-30% of its shares on the EGX by year’s end and is mulling a dual listing on the Dubai Financial Market, Chairman Ahmed Sabbour said, Khaleej Time reports. The company has appointed three investment banks and has yet to decide on the size and potential value of the stake sale. Separately, Landmark Sabbour subsidiary Continental Investments launched its Dh 1.1 bn (USD 299.5 mn) Rukan Compound project in Dubai, the first phase of which is slated for completion by 3Q2019.

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