Paris Gallery announced earnings results for the year 2012. For the period, the company's net profits for 2012 grew by 13% from a year before. Annual revenue surged by 43%. The company plans to expand presence outside the GCC, with stores in Iraq, Azerbaijan and South Africa.

Paris Gallery (L.L.C.) announced opening of five franchise stores in Iraq. The announcement was followed by the signing of a franchise agreement between Mr. Mohamed A. R. Al Fahim, the CEO of Paris Gallery, and Mr. Mohammed Al Handal, the CEO of Al Handal International Group, with the presence of General Consul General of Iraq, H.E. Mr. Ismat Ageed Siddiq. The Al Handal International Group is set to open five stores in the next three years with two stores in Baghdad, two in Erbil and one in Basra.

Paris Gallery (L.L.C.) intends to launch an initial public offering (IPO). Chief Executive of the company, Mohammed Al-Fahim stated that he had held talks with the Dubai Financial Market and sister bourse NASDAQ Dubai regarding a potential listing. He stated: "I would not put a timeframe but, as an objective, I say yes, for the benefit of the organisation in the future. One of the rationales (of an IPO) would be the continuity of the company. Globally, family businesses rarely last beyond the second or third generation. So, an IPO is a sort of safety net for us to make us more transparent, more structured and more accountable."