Page 93 - SALIK PR REPORT OCTOBER 2024

UAE retailer Lulu to launch IPO next

week, sell 25% stake

Lulu Retail Holding will be listed on the Abu Dhabi Securities Exchange; the listing is expected on
November 14, 2024
Published: Mon 21 Oct 2024, 6:00 AM

Updated: Mon 21 Oct 2024, 11:19 AM

UAE's retail giant Lulu Group on Monday announced that it would sell 25 per cent shares through an
initial public offering (IPO) with a nominal value of Dh0.051 each.
According to a prospectus published in Khaleej Times on Monday, the company will sell over 2.582
billion (2,582,226,338) shares through a three-tranche IPO which will commence on October 28
and close on November 5.
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Lulu Retail Holding will be listed on the Abu Dhabi Securities Exchange. The listing is expected on
November 14, 2024. The offer price range will be announced on the same day or before the opening
of the offering on October 28.
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https://www.khaleejtimes.com/uae/uae-retailer-lulu-to-launch-ipo-next-week-sell-25-stake