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

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LuLu hypermarket and mall at D ring Road Doha.

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...