Almosafer partners with Landmark Group for travel bookings
Post Views: 34
Almosafer announced a strategic partnership with Landmark Group to deliver greater value and flexibility to travellers across the GCC through Shukran, Landmark's award-winning loyalty programme. Through this collaboration, Almosafer customers across the GCC can earn Shukran Points on travel bookings made through Almosafer's online travel platforms. Additionally, customers can transfer their Almosafer Points to Shukran Points, providing them with even more options for utilising their travel rewards. Shukran Points can be redeemed across Landmark Group's extensive retail network, including Centrepoint, Max Fashion, Home Centre, Splash, Lifestyle, Shoemart, and Emax – creating a seamless connection between travel and everyday lifestyle benefits. Pallav Singhvi, VP of Consumer Travel at Almosafer, said: 'Our goal has always been to deliver a seamless and enriching experience for our travellers. This partnership with Shukran allows us to add even more value to each journey booked through Almosafer, while also expanding our benefits ecosystem to include one of the region's most trusted loyalty programmes.' James Dickson, Chief Product Officer at Landmark Group said; 'We're thrilled to extend Shukran's reach through our partnership with Almosafer. Shukran is built to reward customers for the lifestyle choices they make every day, and this collaboration is a significant step forward in offering even greater flexibility and value to our members.' The partnership reflects Almosafer's continued commitment to delivering smarter, more rewarding travel experiences across the region. -ENDS- About Almosafer Almosafer is the Middle East's leading travel brand offering consumers seamless user experiences for domestic and international travel bookings through its omni-channel offerings across state-of-the-art online platforms, call centre, WhatsApp and retail locations. Providing hotel booking options for over 1.5 million properties around the globe, flight bookings on over 450 airlines, domestic chalet and istiraha reservations, complete holiday packages, domestic activities, car rental, transfers, concierge planning services and more, Almosafer boasts various convenient booking solutions for any type of travel need. With the heritage of being a homegrown business and harnessing extensive experience in the region, the brand has developed a deep understanding of local travel needs, preferences and traveller segments. Tailored holiday packages for Saudi travellers, dedicated offers and deals, alongside one-on-one consultation across WhatsApp, a 24/7 call centre and in-branch travel advisors, add to the sense of personalised service only a local business such as Almosafer can provide, to help customers find richer and more memorable experiences wherever and whenever they travel. https://corporate.almosafer.com About Landmark Group
Founded in 1973 in Bahrain, Landmark Group has grown to become one of the largest and most successful omnichannel retail and hospitality conglomerates, with presence across 17 countries in the Middle East, Africa, India and Southeast Asia. Based in the UAE since 1990, the Group owns and operates 22 established homegrown brands across an extensive network of more than 2,200 outlets, encompassing a gross leasable area of 33 million square feet.
Landmark Group's success is driven by its diverse portfolio of established brands, across multiple retail categories, offering a comprehensive range of products across fashion, home, groceries and electronics. These include Centrepoint, Max Fashion, Home Centre, Babyshop, Splash, Shoemart, Lifestyle, Viva, Emax, Home Box, Styli, Shoexpress, Spar and Easybuy.
Beyond retail, Landmark Group has diversified into the leisure, fitness and hospitality sectors with brands like Fitness First, Citymax, Fun City, Fun Ville, Zafran and Carluccio's.
The Group boasts unparalleled logistics capabilities, owning the MENA region's largest privately-owned distribution hub – Omega Logistics and Logistiq, which offers state-of-the-art third-party logistics services.
Landmark Group places a strong emphasis on delivering exceptional value and achieving customer satisfaction throughout its comprehensive product range.
The company has a dedicated workforce of more than 53,000 employees and continues to be certified as a Great Place to Work (GPTW) since 2017.
For more information visit our website or follow us on our social media pages on LinkedIn, Facebook, and Instagram.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
40 minutes ago
- Arabian Post
Flynas IPO Falters Amid Regional Tensions
Saudi Arabia's budget carrier Flynas debuted on the Tadawul at SAR 80, raising SAR 4.1 billion, but shares closed at SAR 77.30—down over 3 %—despite an opening high of SAR 84.10 and a low of SAR 69.90. Investors responded nervously to heightened regional instability following military activity between Iran and Israel. Across Gulf markets, risk aversion sharply impacted airline stocks: Flynas dropped roughly 3.4 % on debut, ACWA Power slipped 3.3 %, and Saudi Aramco eased by 0.3 %. Regional airspace closures disrupted operations, forcing Gulf carriers to reroute flights and ramping up costs. Earlier trading saw Flynas plunge nearly 13 % to SAR 69.90 before recovering amid volatile swings capped by Tadawul's three-day fluctuation limit. Flynas marks the region's largest initial offering so far this year and the first by a Gulf airline in nearly two decades. The institutional tranche drew orders nearly 100 times publication, with the retail portion oversubscribed by 350 %, drawing 666,069 individual investors. ADVERTISEMENT Despite initial jitters, analysts stress Flynas's underlying strength. Its IPO pricing at the SAR 80 range reflects strong demand, and the airline's Saudi domestic base offers cost insulation from international fuel swings. SICO Bank remarked that while valuations were premium, the carrier's growth narrative remains compelling, even amid geopolitical uncertainty. The IPO's success adds momentum to the kingdom's capital markets, with six main‑market offerings this year raising over $2.8 billion and four others awaiting approval. Legal advisors note that despite market turbulence, appetite for public listings in the region remains robust. Operationally, Gulf airlines continue facing disruption. Several regional countries have closed airspace in response to conflict escalation, forcing airlines to reroute flights via longer corridors over Egypt and the Red Sea—pressuring operational efficiency. Fuel costs have jumped in tandem with the conflict, further squeezing airline margins. Gibson Dunn LLP acted as lead counsel, coordinating across global and local underwriting teams that included Goldman Sachs Saudi Arabia and Morgan Stanley Saudi Arabia. The combined institutional and retail interest helped the offering exceed $100 billion in orders. Flynas's Istanbul IPO arrives at a pivotal moment. The airline's strategic plan, backed by Kingdom Holding and the Public Investment Fund, aligns with Saudi Vision 2030's aim to transform the kingdom into a travel destination. Having ordered 160 aircraft from Airbus—including narrow-body A320s and its first wide-body A330s—the carrier is expanding fleet and network rapidly. Industry analysts caution that policy and geopolitical risks will continue to shape investor sentiment. While some entrants have postponed their floatings, many are proceeding quickly—optimising pricing and timing to counter valuation headwinds. The flight path for new listings in the Gulf may be turbulent, but Flynas's performance suggests that well-structured IPOs with strong fundamentals can still attract robust interest.
Arabian Post
2 hours ago
- Arabian Post
Saudi CMA Sets Stage for Three Exclusive IPOs
Saudi Arabia's Capital Market Authority has greenlit three initial public offerings on the Tadawul Parallel Market, signalling sustained investor interest and broadening of the kingdom's capital markets. The regulator authorised offerings for Zahr Al Khuzama Aluminium Company, Quality Education Company and Sahat Almajd Company Trading on 18 June 2025. The combined volume of shares to be sold stands at approximately 6.175 million, constituting stakes ranging from 11 to 20 per cent in the respective firms. Zahr Al Khuzama will float 300,000 shares, Quality Education 2.5 million, and Sahat Almajd 4.375 million shares. Each IPO is exclusively targeted at qualified investors, with prospectuses scheduled for publication ahead of the offers. The approvals, valid for six months, reflect the CMA's intent to diversify offerings while maintaining regulatory oversight. ADVERTISEMENT Nomu has attracted increasing interest as a gateway for smaller and mid‑cap companies to access Saudi capital. This latest round of approvals follows 11 offerings already listed or in the pipeline this year, marking a notable shift in focus toward smaller enterprises beyond the main exchange, Tadawul. The Zahr Al Khuzama float presents an opportunity to inject fresh capital into the aluminium sector, aiding its expansion and supporting the kingdom's industrial ambitions under Vision 2030. Its 20 per cent stake opening is likely to appeal to investors seeking exposure to commodities and D‑rated industries known for cost‑efficiency. Quality Education's offering, also at 20 per cent, underscores Saudi Arabia's emphasis on educational infrastructure and services. As the kingdom continues investing in human capital, this listing responds to rising demand for quality educational provisions. Meanwhile, the 11.11 per cent offering by Sahat Almajd Company Trading—whose operations lie in trading goods and services—may serve as a bellwether for investor appetite in more diversified commercial ventures transitioning toward public ownership. Regulatory constraints limit participation to qualified investors, aiming to ensure market stability and prevent speculative retail activity. This aligns with other recent IPO frameworks, including the Hawyia Auction Co float, which resulted in daily price fluctuation limits and standard listing protocols on Nomu. The prospectuses, expected to provide comprehensive financial, operational and ownership disclosures, are anticipated to feature standard risk disclosures and corporate governance details. As an approved offering does not equate to an investment endorsement, the CMA is ensuring that qualified investors are aware of their due‑diligence obligations. Markets reacted cautiously. Nomu's index has experienced slight downward variance amid global economic headwinds, but the IPO pipeline may inspire renewed investor confidence. The main index, TASI, closed at approximately 10,591 points—a decline of 1.15 per cent, while Nomu Composite dropped 0.96 per cent on 19 June. Analysts note that the six‑month validity window compels issuers toward timely execution. As such, these companies must complete their share sales and listings before December. Those delays could result in approvals being rescinded. Industry observers interpret this episode as part of a broader strategic push to deepen the Saudi capital market ecosystem, encouraging stronger participation from mid‑tier entities. In parallel, main market IPO activity continues to draw global interest, with high‑profile offerings such as those launched by Umm Al Qura, Entaj and Derayah Financial earlier this year collectively generating over US$1 billion. The parallel market serves a complementary function, offering flexibility and attractively priced entry points for investors comfortable with slightly higher risk profiles in exchange for growth potential. With each qualifying investor required to conduct thorough due diligence, the system reinforces regulatory robustness while supporting ambition among a broader swathe of companies seeking public-market financing. Saudi Arabia's capital markets continue evolving in line with Vision 2030 goals, with both infrastructure and regulatory frameworks maturing to support a more inclusive investor base. The inclusion of newer sectors, such as education and commodities trading, diversifies the market's profile—appealing to both domestic and international investors pursuing new growth corridors amid global volatility.
Al Etihad
13 hours ago
- Al Etihad
UAE dominates Forbes list of Top 100 Listed Companies 2025
19 June 2025 00:34 AMEINAH ALZEYOUDI (ABU DHABI)The UAE led the GCC region with 33 entries dominating the Forbes Middle East's list of Top 100 Listed Companies 30 entries, Saudi Arabia came in second on the list, followed by Qatar with 12 and Kuwait with 10, while Morocco and Oman each had four contributed three companies, and both Jordan and Bahrain were represented by two companies each. The top 100 publicly listed companies in the Middle East and North Africa region experienced a modest decline in net profits in the past year, dropping 1.2% to reach $237.4 billion, according to Forbes Middle combined market cap decreased by 3.6%, settling at $3.5 trillion as of April the slight fall in profits and market cap, the companies recorded strong growth in other key financial indicators. Aggregate sales rose by 12.2% to hit $1.1 trillion, while total assets increased by 10.8% to $5.4 trillion, up from $4.9 trillion the previous year. Saudi oil giant Aramco topped the list once again, with market capitalisation of $1.7 trillion and net profits of $106.2 billion. It was followed by International Holding Company (IHC) in second place, and the QNB Group and the Saudi National Bank in third place. With 45 entries, the banking and financial services industry had the most representation, followed by the industrial and telecommunications industries, each with nine companies. Although represented by only six businesses, the energy sector continued to be the most lucrative, bringing in a total of $114 billion, thanks in large part to Aramco's success, the report of the five new entrants on the 2025 list are newly listed, including OQ Exploration & Production (Oman), Lulu Retail Holdings, Agility Global and NMDC Energy. Saudi SABIC also rejoined the list, making a strong comeback from a $102.5 million loss in 2023 to a $993 million profit in 2024. Among the 33 UAE companies are: International Holding Company (IHC), Emirates NBD Group, First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), TAQA Group, ADNOC Gas, e&, Alpha Dhabi Holding (ADH), Emaar Properties, Dubai Electricity and Water Authority (DEWA), Dubai Islamic Bank (DIB), Mashreq, Abu Dhabi Islamic Bank (ADIB), Aldar Properties, Emaar Development, Borouge, ADNOC Drilling, Emirates Islamic, PureHealth Holding, Commercial Bank of Dubai (CBD), NMDC Group, AD Ports Group, ADNOC Distribution, ADNOC Logistics & Services, Emirates Integrated Telecommunications Company (du), National Bank of Ras Al Khaimah (RAKBANK), Lulu Retail Holdings, Agility Global, NMDC Energy, Air Arabia, Sharjah Islamic Bank (SIB), National Bank of Fujairah (NBF), and Fertiglobe.
