The campaign establishes a sustainable endowment fund to provide medical treatment and healthcare services for those in need while honouring fathers in the UAE
Yusuffali MA
Latest in Yusuffali MA
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
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
food processing
UAE’s Lulu Group to set up logistics and processing centre in Punjab
Lulu has tied up with the state government to open the centre in Amritsar over 20 acres of land with capacity of producing 200,000 metric tons
Dubai
Lulu opens massive hypermarket in Dubai Mall
Lulu Group opens 72,000sq ft hypermarket in Dubai Mall
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
Lulu Group International
UAE retail giant vows to press on with expansion despite virus challenge
Chairman of Lulu Group says he hopes to add 25 hypermarkets to portfolio before the end of 2021
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
Kuala Lumpur
UAE retail giant eyes more hypermarkets across Malaysia
Lulu Group plans to launch four more hypermarkets in Malaysia by the end of 2020
Abu Dhabi
Turning Tablez: Adeeb Ahamed
Over the next two years, the retail arm of Abu Dhabi’s LuLu Group International is aiming to more than triple the number of branded outlets it operates across India. The man leading the charge to conquer a bigger slice of this growing $792bn retail market is Adeeb Ahamed
Abu Dhabi
Twenty14 Holdings opens first hotel project in India
Twenty14 Holdings’ Kochi hotel marks the debut of Marriott International’s Tribute Portfolio brand in South Asia
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
Abu Dhabi
LuLu Financial Group targets 30% digitisation by 2020
Lulu Financial Group has crossed the $10bn mark in its total transactional value in its financial sector business
Abu Dhabi
Retail giant Lulu announces projects to support expansion plans
ZonesCorp says Lulu Group International is planning cold storage and warehousing projects in its Abu Dhabi Food Zone
Abu Dhabi
Yusuffali says no plans to invest in ailing Jet Airways
Chairman and managing director of UAE-based retail giant Lulu Group International has made investments in two airports in Kerala
Billionaire List
Video: Who are the richest Indians in the UAE?
The total wealth of this year’s 20 richest Indians in the UAE list surpasses $50bn for the first time. It’s an astonishing number – especially bearing in mind that several of them, such as Yusuffali MA, started out with virtually nothing. The Lulu Group founder was a virtually penniless man when he made his way to the UAE in 1973 on a small boat to work in his uncle’s tiny distribution company. His company now has a turnover of $7.4bn and a workforce of 46,000.
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