United Arab Emirates (UAE) retail giant LuLu Retail successfully commenced trading on the Abu Dhabi Securities Exchange (ADX) on Thursday, November 14, following its Initial Public Offering (IPO) and trading under the ticker “LuLu”. The IPO raised gross proceeds of Dirham 6.32 billion (Rs 1,45,31,95,52,000), making it the largest offering in the UAE in 2024 to date. The offering attracted a … Read more
United Arab Emirates (UAE) retail giant LuLu Retail on Monday, November 4, increased its initial public offering (IPO) size from 25 percent to 30 percent to cater to high demand from global investors. The total offering size has risen from the previously announced over 2.58 billion ordinary shares to over 3.09 billion shares, Lulu International … Read more
In a significant move, United Arab Emirates (UAE) retail giant LuLu Group International on Monday, October 21, announced its plan to sell 25 percent of its shares through an initial public offering (IPO) and will be listed on the Abu Dhabi Securities Exchange (ADX). The hypermarkets chain operator plans to sell 2,582,226,338 shares with a … Read more
New Delhi: The government agricultural export facilitation arm Agricultural and Processed Food Export Development Authority (APEDA) signed a Memorandum of Understanding (MoU) with the leading retail chain in the Middle East and Asia LuLu Group International. As part of the agreement, LuLu Group will showcase a wide range of certified Indian organic products in its … Read more
Abu Dhabi: A 38-year-old Indian expat working at the LuLu, a hypermarket chain in Abu Dhabi, has been reportedly absconding after stealing Dirhams 660,000 (Rs 1,49,83,830) in cash, local media reported. Mohammed Niazi, who hails from Kerala, India, was in charge of the cash office at LuLu hypermarket in Khalidiya Mall in Abu Dhabi. This … Read more
Ahmedabad: UAE-based retailer LuLu Group is set to construct what it termed India’s biggest shopping mall, in Ahmedabad, with an estimated cost of Rs 4,000 crore. The construction for the proposed shopping mall will start in 2024 itself, said Yusuff Ali MA, Chairman and Managing Director of Lulu Group International, talking to ANI on the … Read more
