Lulu Retail, a hypermarket chain operator, has declared its plans to float 2.58 billion shares, marking a 25% stake on the Abu Dhabi Securities Exchange (ADX). The initial public offering (IPO) is scheduled to be held from 28 October to 5 November 2024, with the final offering price set to be determined through a book-building process.

UAE-based Lulu Retail Holdings PLC (Lulu Retail) has announced an initial public offering (IPO) that will see it list its shares on the Abu Dhabi Securities Exchange (ADX). Lulu Retail, a major pan-GCC retailer,

With LuLu's announced offering, law firms consolidate their involvement in dynamic, billion-dollar IPO activities in the Middle East.

Lulu Retail Holdings PLC (“Lulu Retail” or the “Company”), the largest and fastest-growing pan-GCC full-line retailer, today announced its intention to proceed with an Initial Public Offering (IPO) an

According to Lulu, it will offer 2.6 billion shares through the IPO, with the subscription to open on October 28 and close on November 5.

Saifee Rupawala, UAE supermarket Lulu CEO, speaks to CNBC's Dan Murphy about the firm which is expected to start trading on the Abu Dhabi Securities Exchange.

The Abu Dhabi-headquartered pan-GCC retailer will sell 25 per cent of its shares with a nominal value of Dh0.051 each