Lebanese media major JGroup eyes IPO ‘within next three years’

Lebanese media major JGroup eyes IPO ‘within next three years’

The CEO of Lebanon-based JGroup, Imad Jumaa, has revealed plans to take the company public within the next three years.

JGroup is a holding company with a portfolio of subsidiaries across the Middle East, Europe, Asia and the US.

Jumaa told Arabian Business: “We are a big media and tech company and I look forward to doing the necessary steps, whether legal or financial or on a recruitment basis, to hire the best people and to drive our company from a company whose business is focused on the Middle East to an IPO worldwide and to have the business across the globe.

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“I've had a good experience in London and my company in London is doing an excellent job. I have also a company in Milan and the company is doing an excellent job, it is very profitable. I cannot limit myself to only 500 million consumers in the Middle East, I think I can go global with the technology and with what we have and I'm doing all the necessary steps to have an IPO.”

Jumaa added that it would take “three years of hard work” with the IPO