Abu Auf has opened more than 100 stores and increased EBITDA by over 70% in AED terms over the past two years
Retail Investments
Latest in Retail Investments
India
LuLu Group to set up biggest mall in India, invests $365 million
The mall, which will be located in Ahmedabad will house over 300 national and international brands
acquisition
Abu Dhabi’s Agthia acquires 60 percent stake in Egypt-based snack firm Auf
The acquisition reflects Agthia’s plans to strengthen its portfolio and diversification into branded consumer goods
expansion
UAE’s Lulu Group’s $2.9 billion expansion in retail network on track
The supermarket chain has a pipeline of 91 hypermarkets and stores lined up to open despite the Covid disruptions
acquisitions
Saudi grocery chain buys majority stake in e-commerce app developer for initial payment of $28.7 million
BinDawood Holding will invest up to an additional $42.65 million over a two-year period to develop the platforms, the roll-out of stores, and fulfillment centres, and to help shorten delivery times
institutional investors
Inside UAE’s changing investment trends in a post-coronavirus economy
In line with global trends, UAE-based retail investors are diversifying from fixed-income focused assets to equity and thematic investments, according to leading Franklin Templeton executive
Carmina Shoemaker
Emirati entrepreneur brings luxury Spanish shoe brand to Dubai
Carmina eyes MENA expansion following opening of first store in Mall of the Emirates
