UAE: The Shariah compliant IPO by Lulu Retail Holdings enroute to a Abu Dhabi Securities Exchange listing will see 2.58 billion shares offered by this supermarket chain’s current sole shareholder Lulu International Holdings, representing a 25% stake in the firm. Subscription opens on the 28th October 2024 and ends on the 5th November 2024. Founded in 1974, the firm operates over 240 stores across six GCC countries.
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