EBITDA grows 6.4% to $214.1 million; EBITDA margin at 10.3%; Net profit reaches $69.7mn, up 15.8%; Net profit margin at 3.4%
Lulu Supermarket
Latest in Lulu Supermarket
India
Lulu Retail revenue reaches $1.86 billion in first post-IPO result
Revenue up 6.1% for Q3 2024 and 5.7% YoY for 9M 2024; Q3 EBITDA increases 9.9% to $176.3 million; Group opens 12 new stores in 9M 2024
Abu Dhabi Securities Exchange
Lulu Retail Holding appoints BHM Capital as liquidity provider on ADX
This provides greater price stability and ensures adequate trading volumes at any given price level
Initial public offering
LuLu IPO: More retailers across MENA now eye IPO, up to $100bn in market cap on the way
Strong fundamentals such as stability, sustainability and scalability to drive the IPO surge among the region’s retail and grocery market players
Abu Dhabi Securities Exchange
Dubai real estate supply; Emirates named ‘World’s Best Airline’; $100m startup boost; Best Arab universities; Saudi expat job skill tests – 10 things you missed this week
Dubai real estate supply, ‘World’s Best Airline’, $100m startup boost, Saudi expat job skills and more of the top news stories this week
Abu Dhabi
LuLu Chairman Yusuff Ali signals potential Saudi listing; Abu Dhabi IPO to drive growth
Revelations on possible new plans come close on the heels of Lulu announcing its Abu Dhabi IPO plans
Abu Dhabi Securities Exchange
Lulu Retail to offer 25% stake in IPO scheduled for 28 October
2.582 billion shares being offered; Price range to disclosed on 28 October; Shares expected to list at ADX on 14 November
food products
Tata Group enters UAE packaged food market with millet-based snacks and breakfast products
Tata Consumer Soulfull will initially introduce millet-based snacks and cereals in the UAE and Kuwait, and expanding to other GCC markets in 6-12 months
Lulu Group
Lulu Group announces plan to invest $500m in Egypt
Lulu Group will build hypermarkets, mini markets and a logistics centre in addition to handling four urban communities
Annual Investment Meeting
UAE retail giant eyes Nigeria to set up logistics hub
Lulu chairman Yusuff Ali MA hold talks with Muhammedu Buhari, President of Nigeria
Lulu Group
UAE retail giant plans new Saudi malls, supermarkets
Lulu signs deal with the Saudi Arabian National Guard Forces to open two shopping centres and seven supermarkets
Al Muteena
Lulu Supermarket to be anchor tenant at Burj Nahar Mall
Lulu hopes to attract a large number of shoppers from surrounding areas in Deira when the mall opens in 2018
