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LuLu Retail wins ‘Best IPO in the Middle East' award
LuLu Retail wins ‘Best IPO in the Middle East' award

Arab News

time3 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.'

LuLu Retail wins 'Best IPO in the Middle East' Award at EMEA Finance Achievement Awards
LuLu Retail wins 'Best IPO in the Middle East' Award at EMEA Finance Achievement Awards

Times of Oman

time3 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.'

LuLu Retail named best IPO in the Middle East award at EMEA Awards
LuLu Retail named best IPO in the Middle East award at EMEA Awards

Qatar Tribune

time4 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.'

Lulu Retail to join FTSE Global Equity Index Series
Lulu Retail to join FTSE Global Equity Index Series

Zawya

time28-05-2025

  • Business
  • Zawya

Lulu Retail to join FTSE Global Equity Index Series

Abu Dhabi: Lulu Retail Company has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), following the latest review by FTSE Russell. The inclusion is expected to be from 23 June 2025 and is subject to any revisions by FTSE until 6 June, according to a press release. Lulu will be added to FTSE Mid Cap, FTSE All-World, FTSE All-Cap, and FTSE Total-Cap indices, key benchmarks for global institutional investors. This will boost the company's position and broaden engagement with international investors. Lulu's addition to the FTSE GEIS follows its initial public offering (IPO) in the fourth quarter (Q4) in 2024, which attracted strong demand from local, regional and international investors. Saifee Rupawala, CEO of Lulu, commented: 'Our inclusion in the FTSE Global Equity Index Series is a landmark achievement and underscores the strength of our retail model, operational scale, and the trust investors have placed in our vision.' Rupawala stated: 'It enhances our visibility on the global stage and opens new avenues for engagement with long-term international capital.' 'As we continue to grow, our priority remains driving operational excellence, deepening customer loyalty, and unlocking new opportunities across our markets,' he added. Last April, the Endowment and Minors Trust Foundation (Awqaf Dubai) partnered with Lulu Retail to establish new hypermarkets and supermarkets across Dubai.

Lulu Retail to join FTSE Global Equity Index Series
Lulu Retail to join FTSE Global Equity Index Series

Al Etihad

time27-05-2025

  • Business
  • Al Etihad

Lulu Retail to join FTSE Global Equity Index Series

27 May 2025 14:04 A. SREENIVASA REDDY (ABU DHABI)Lulu Retail Holdings, the region's largest full-line retailer, has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), a key global benchmark developed by FTSE Russell, a subsidiary of the London Stock Exchange inclusion will take effect from June 23, 2025, subject to final confirmation by June 6, a statement from the company move comes after Lulu's successful initial public offering (IPO) in Q4 2024, which attracted robust demand from local, regional, and international was listed on the Abu Dhabi Securities Exchange (ADX) at Dh2.04, and the stock is now trading at around Dh1.35. Despite the fall in price, the scrip enjoys high liquidity in the market cap stands at Dh13.94 billion, according to the latest ADX will be included in several prominent indices under the FTSE GEIS umbrella, namely the FTSE Mid Cap, FTSE All-World, FTSE All-Cap, and FTSE Total-Cap indices, the statement said. These indices are widely tracked by institutional investors globally and serve as essential tools for benchmarking equity performance and allocating FTSE Global Equity Index Series offers a comprehensive representation of global equity markets by covering companies across 49 developed and emerging markets. The indices are structured to include companies by market capitalisation tier—ranging from large-cap to micro-cap—and are reviewed quarterly to ensure they reflect current market conditions. Index constituents are determined based on factors such as market capitalisation, liquidity, and free in an FTSE GEIS index is often seen as a milestone for listed companies, as it enhances global visibility and can drive increased capital inflows from passive and active funds benchmarked to these on the announcement, Saifee Rupawala, CEO of Lulu Retail, said, "Our inclusion in the FTSE Global Equity Index Series is a landmark achievement and underscores the strength of our retail model, operational scale, and the trust investors have placed in our vision. It enhances our visibility on the global stage and opens new avenues for engagement with long-term international capital." Founded in 1974, Lulu Retail operates 255 stores across all six GCC countries, including hypermarkets, express stores, and mini-markets. The company also has a growing digital presence through mobile and online platforms. Source: Aletihad - Abu Dhabi

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