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Indian Billionaire Yusuff Ali's Lulu Retail To Raise $1.4 Billion In U.A.E.'s Biggest IPO This Year

By Forbes   |   Oct 28, 2024 at 11:40 PM EST
Indian Billionaire Yusuff Ali's Lulu Retail To Raise $1.4 Billion In U.A.E.'s Biggest IPO This Year

Lulu Retail Holdings, a Middle East hypermarket chain founded by Indian billionaire M.A. Yusuff Ali, plans to raise $1.4 billion in the UAE's largest IPO. The company aims to offer 25% of its shares at 1.94 to 2.

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