SHOPPING FOR SHARES
UAE retail giant LuLu to sell 25% stake in supermarket chain
The Abu Dhabi-based company founded by Yussuf Ali counts ADQ as an investor, having sold the sovereign wealth fund a 20% stake in 2020
LuLu hypermarket and mall at D ring Road Doha.
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UAE retail giant LuLu plans to sell a 25% stake of the company in an IPO starting Oct. 28, with its shares hitting the ADX trading floor on Nov. 14.The business, which owns hypermarkets, supermarkets and malls across the...