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Lulu, IPO and Abu Dhabi Securities Exchange
Lulu Retail to float 25% stake in IPO on Abu Dhabi Securities Exchange
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 Gets Set For IPO In Abu Dhabi
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,
White & Case, Clifford Chance, Ibrahim & Partners Advise on LuLu Retail's Abu Dhabi IPO
With LuLu's announced offering, law firms consolidate their involvement in dynamic, billion-dollar IPO activities in the Middle East.
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 announced its intention to proceed with an Initial Public Offering (IPO) an
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 November 5.
UAE-based retailer Lulu CEO on the firm's IPO announcement
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.
Lulu IPO: Can investors outside UAE subscribe? Process explained
The Abu Dhabi-headquartered pan-GCC retailer will sell 25 per cent of its shares with a nominal value of Dh0.051 each
wam.ae
8m
ADX welcomes listing of ADNH Catering
In November 1976, the United Arab Emirates was on a date with the birth of the Emirates News Agency, as a news and knowledge ...
Arabian Business
1d
Finance House to inject AED 300mn into Abu Dhabi’s ADX for market liquidity
Finance House and Finance House Securities have signed an agreement with the Abu Dhabi Securities Exchange (ADX), aimed at ...
Hosted on MSN
21h
Abu Dhabi’s Etihad Airways buys 16 aircraft engines for Dhs1.5bn
Abu Dhabi’s Etihad Airways said on Tuesday that it had signed a $408.4m (Dhs1.5bn) agreement with Mubadala’s Sanad for the ...
7d
ADX signs MoU with ADIB Securities to develop integrated digital onboarding platform to elevate investor experience
Abu Dhabi Securities Exchange ADX announced today that it has signed a memorandum of understanding MoU with ADIB Securities a ...
Zawya
2d
Finance House & Finance House Securities agree to inject AED300mln in Abu Dhabi Capital Market
Under the agreement between the two parties, Finance House will inject AED 300 million into the local market through Finance ...
gulftoday
2d
Supermarket chain Lulu to offer 25% stake in Abu Dhabi listing
The offering by the conglomerate that runs more than 240 stores in six countries of the Gulf Co-operation Council (GCC) comes ...
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