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Lulu shares drop on Abu Dhabi market after year’s biggest IPO
Since its founding in 1973, Lulu has grown into one of Middle East’s largest retail chains, operating 240 stores in six countries across the Gulf
Fresh produce at Lulu Retail Holdings hypermarket in Riyadh (Getty Images)
Add The Circuit on GoogleAfter electrifying investors across the Gulf who wrestled to buy its shares, mega-grocery chain Lulu Retail Holdings’ IPO landed today with a thud.Touted as the UAE’s biggest initial stock sale this year, priced at the top of its marketed range and...
