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Lulu Retail kicks off 1 of UAE's biggest IPOs this year
Lulu Retail kicks off one of UAE's biggest IPOs this year
By Ahmed Tolba, Hadeel Al Sayegh and Federico Maccioni CAIRO/DUBAI (Reuters) -Lulu Retail Holdings, which runs one of the Middle East's biggest hypermarket chains, kicked off an initial public offering on Monday that bankers say could be the UAE's largest this year.
LuLu Retail begins largest UAE IPO of year
LuLu Retail operates retail stores under the Lulu brand in the UAE, the KSA, Oman, Qatar, Kuwait and Bahrain. Based on retail sales, it was the second largest grocery retailer in the UAE and the largest retailer in Oman, Qatar, Bahrain and Kuwait in 2023, according to Euromonitor International.
UAE retail giant LuLu to list 2.58bln shares on ADX
UAE retail giant LuLu will sell 2.58 billion shares, representing 25% of its stake through a three-tranche IPO that will start on October 28 and close on November 25. The company will list its shares on the Abu Dhabi Securities Exchange (ADX) next month. The announcement of the final offering price will 6 November.
Lulu Retail to sell 25% stake in Abu Dhabi IPO
GCC full-line retailer, announced its intention on Monday to proceed with an initial public offering (IPO) of 25% of its total issued shares, to be listed on the Abu Dhabi Securities Exchange (ADX).
UAE retailer Lulu Group to list 25% shares in ADX IPO
The UAE retail giant Lulu Group plans to list 25 per cent of its share capital on the Abu Dhabi bourse, the latest company seeking to capitalise on the continued economic momentum and listing boom in the Emirates.
Khaleej Times on MSN
11h
UAE: Lulu IPO set to maintain trend of heavy oversubscription, say analysts
This could be the UAE’s largest IPO this year due to the robust growth of the retail sector, and a strong dividend policy ...
Emirates247
21h
Lulu Retail Holdings to Launch IPO on Abu Dhabi Securities Exchange, Offering 25% of Shares
Lulu Retail Holdings PLC (“Lulu Retail” or the “Company”), the largest and fastest-growing pan-GCC full-line retailer, today ...
english.mathrubhumi
20h
Lulu Group to launch IPO next week in Abu Dhabi, sell 25% stake
According to Lulu, it will offer 2.6 billion shares through the IPO, with the subscription to open on October 28 and close on ...
13h
White & Case Guides Middle East Grocer LuLu in Public Listing
White & Case and local firm Ibrahim .N. Partners will guide LuLu Retail Holdings Plc, which operates one of the Middle East’s ...
18h
Top Grocer LuLu’s Listing Set to Extend Middle East IPO Boom
LuLu Retail Holdings Plc, which operates one of the Middle East’s largest hypermarket chains, unveiled plans to list in Abu ...
The Week
18h
Growing youth population, high employment to drive GCC retail market: Lulu Retail
The group sees positive retail growth in the near-term future for the region, based on growing youth populations, rising ...
22h
Lulu Group plans 25% stake sale in Abu Dhabi IPO, subscription opens October 28
The IPO is part of Lulu Group’s plan to expand its operations and enhance market presence. | Photo Credit: Siva SaravananS ...
Zawya
22h
Lulu Retail Holdings PLC announces its intention to float on the Abu Dhabi Securities Exchange
The Group has a strong omni-channel presence in the form of three formats of brick and mortar stores catering to various ...
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Initial public offering
United Arab Emirates
Abu Dhabi Securities Exchange
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