Middle East grocery chain Lulu Retail sill start trading on the Abu Dhabi bourse on November 14.
Courtesy of Lulu Retail
Lulu Retail Holdings—a Middle East hypermarket chain founded by Indian billionaire M.A. Yusuff Ali—plans to sell a 25% stake and list the company on the Abu Dhabi Securities Exchange (ADX) in what could be the biggest IPO in the United Arab Emirates this year.
The company plans to sell 2.5 billion shares and will announce the final offering price after the second tranche subscription is complete, Lulu Retail said in…
