Latest news with #LuLuRetail
Arab News
3 days ago
- Business
- Arab News
LuLu Retail wins ‘Best IPO in the Middle East' award
LuLu Retail Holdings, the region's leading full-line retailer, has been honored with the prestigious 'Best IPO in the Middle East' award by EMEA Finance magazine. The recognition was presented at the annual EMEA Finance Achievement Awards 2024, held in London on June 22. The accolade celebrates LuLu Retail's landmark initial public offering, which successfully raised $1.7 billion in Q4 2024, and marked the company's official listing on the Abu Dhabi Securities Exchange. The IPO drew widespread investor interest and was one of the most anticipated public listings in the region, reinforcing strong market confidence in the group's growth trajectory, financial resilience, and retail leadership. The EMEA Finance Achievement Awards are regarded as a benchmark of excellence in capital markets across Europe, the Middle East, and Africa. Winners are selected by the editorial board from a pool of nominations submitted by investment banks, corporates, and market participants. The awards spotlight the most impactful and innovative financial transactions spanning IPOs, debt issuance, Islamic finance, structured deals, and mergers and acquisitions. Saifee Rupawala, CEO of LuLu Retail Holdings, said: 'We are truly honored to receive this award, which reflects the strength of our business, the commitment of our team, and the trust placed in us by our investors. The IPO marked a transformative chapter for LuLu Retail, and we remain committed to delivering long-term value and sustainable growth.'
Times of Oman
3 days ago
- Business
- Times of Oman
LuLu Retail wins 'Best IPO in the Middle East' Award at EMEA Finance Achievement Awards
LuLu Retail Holdings PLC, the region's leading full-line retailer, has been honored with the prestigious 'Best IPO in the Middle East' award by EMEA Finance magazine. The recognition was presented at the annual EMEA Finance Achievement Awards 2024, held in London yesterday. The accolade celebrates LuLu Retail's landmark Initial Public Offering, which successfully raised US$1.7 billion in Q4 2024, and marked the company's official listing on the Abu Dhabi Securities Exchange (ADX). The IPO drew widespread investor interest and was one of the most anticipated public listings in the region, reinforcing strong market confidence in the Group's growth trajectory, financial resilience, and retail leadership. The EMEA Finance Achievement Awards are regarded as a benchmark of excellence in capital markets across Europe, the Middle East, and Africa. Winners are selected by the editorial board from a pool of nominations submitted by investment banks, corporates, and market participants. The awards spotlight the most impactful and innovative financial transactions spanning IPOs, debt issuance, Islamic finance, structured deals, and mergers and acquisitions. Saifee Rupawala, CEO of LuLu Retail Holdings, said: 'We are truly honored to receive this award, which reflects the strength of our business, the commitment of our team, and the trust placed in us by our investors. The IPO marked a transformative chapter for LuLu Retail, and we remain committed to delivering long-term value and sustainable growth.'
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
LuLu Retail named best IPO in the Middle East award at EMEA Awards
Tribune News Network Doha LuLu Retail Holdings PLC, has been honored with the prestigious 'Best IPO in the Middle East' award by EMEA Finance magazine. The recognition was presented at the annual EMEA Finance Achievement Awards *2024*, held in London on Tuesday. The accolade celebrates LuLu Retail's landmark Initial Public Offering, which successfully raised US$1.7 billion in Q4 2024, and marked the company's official listing on the Abu Dhabi Securities Exchange (ADX). The IPO drew widespread investor interest and was one of the most anticipated public listings in the region, reinforcing strong market confidence in the Group's growth trajectory, financial resilience, and retail leadership. The EMEA Finance Achievement Awards are regarded as a benchmark of excellence in capital markets across Europe, the Middle East, and Africa. Winners are selected by the editorial board from a pool of nominations submitted by investment banks, corporates, and market participants. The awards spotlight the most impactful and innovative financial transactions spanning IPOs, debt issuance, Islamic finance, structured deals, and mergers and acquisitions. Saifee Rupawala, CEO of LuLu Retail Holdings, said: 'We are truly honored to receive this award, which reflects the strength of our business, the commitment of our team, and the trust placed in us by our investors. The IPO marked a transformative chapter for LuLu Retail, and we remain committed to delivering long-term value and sustainable growth.'
Arab News
22-05-2025
- Business
- Arab News
LuLu's ‘British Food Week 2025' shines a spotlight on prominent UK brands
LuLu Retail has officially inaugurated 'British Food Week 2025' across all its stores in Saudi Arabia, offering customers a week-long celebration of British products and exclusive in-store promotions. The event highlights the strong trade ties between Saudi Arabia and the UK, emphasizing the quality and heritage of British brands. The launch ceremony took place at LuLu's Diplomatic Quarter branch in Riyadh and was officiated by British Ambassador to Saudi Arabia Neil Crompton. He was joined by Shehim Mohammed, director of LuLu Hypermarkets Saudi Arabia, as well as senior representatives from the British Embassy and LuLu management. Running until May 27, British Food Week 2025 features more than 3,438 British products representing 367 established and trusted UK brands. The diverse range includes fresh and frozen foods, dairy items, snacks, beverages, packaged groceries, and health-focused options such as organic and gluten-free products. As part of this year's campaign, LuLu has introduced 40 new items from seven leading UK brands, offering customers in Saudi Arabia exclusive early access to innovative products entering the market. This initiative reflects LuLu's commitment to delivering high-quality international products through strong sourcing partnerships and seamless logistics. Ambassador Crompton said: 'I'm delighted to be part of the opening of British Food Week 2025 at LuLu. It's wonderful to see so many familiar UK products available here in Saudi Arabia, from classic teas and cheeses to new innovations. Events like these remind us that trade is not just about numbers, but about people, tastes, and shared experiences. I thank LuLu for their continued support in bringing British products closer to Saudi consumers.' Mohammed added: 'British Food Week is one of our most anticipated events, and we're proud to bring it back across all LuLu stores in Saudi Arabia. It's a celebration of British quality and a reflection of our strong sourcing partnerships with UK suppliers. With the continued support of our logistics and packaging center in Birmingham, we're able to ensure that a wide variety of British products reach our shelves smoothly and consistently, offering our customers the best of the UK every year.' British Food Week 2025 is currently live across all LuLu outlets in the Kingdom, featuring exclusive promotions and a curated selection of premium British products.
Yahoo
05-05-2025
- Business
- Yahoo
LuLu Retail, UAE government enter deal for exclusive discounts
The Ministry of Finance of the United Arab Emirates (UAE) has formalised a partnership with LuLu Retail to incorporate business-to-business (B2B) e-commerce service, LuLuOn, into the UAE federal government's digital procurement framework. The objective is to bolster the effectiveness and clarity of government procurement operations. The partnership provides federal agencies with direct access to LuLu's extensive product offerings via the government's e-procurement system by leveraging a new feature termed 'Punch Out.' Punch Out feature is anticipated to reduce the procurement timeline from as long as 60 days to mere minutes, concurrently advancing cost management and transactional transparency. The tool permits users to peruse, select, and complete purchases from LuLu while remaining within the procurement system, thereby enhancing the efficiency of the workflow. This collaboration is aligned with the ministry's commitment to transform procurement activities digitally and broaden the network of approved suppliers. Under the terms of this agreement, federal entities are also set to gain from specialised institutional pricing on a variety of products offered by LuLu, encompassing food, groceries, and operational necessities, supported by LuLu's robust global sourcing and delivery infrastructure. At present, the federal catalogue boasts more than 120,000 products and services spanning 35 different categories, supplied by upwards of 400 accredited vendors. The ministry is dedicated to enhancing this platform through deliberate partnerships between public and private sectors that contribute value and innovation to governmental procedures. Financial Affairs Minister of State Mohamed bin Hadi Al Hussaini said: 'This strategic agreement is part of the Ministry of Finance's ongoing efforts to develop and enhance the efficiency of the government procurement system, in line with the federal government's vision for more flexible and sustainable business models. Through this partnership, we aim to provide diverse, high-quality options that meet the needs of federal entities while promoting transparency and competitiveness.' In February this year, Lulu Retail Group announced plans to extend its reach to the suburban zones of major Emirati cities, establishing new retail locations. "LuLu Retail, UAE government enter deal for exclusive discounts " was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
