Yusuff Ali’s Lulu Retail delivers a record IPO for the UAE
It’s a win for every stakeholder and possibly means a new chapter for the billionaire’s business empire.

We rarely make our stories free to read. This one is, so make the most of it.
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
No payment details required
$99 for one year
More in Business
You may also like
The growing unease of EaseMyTrip’s investors
The online travel aggregator is struggling to grow now more than ever. Meanwhile, its promoters' stake sales reveal a pump and dump pattern that does little to ease shareholders’ concerns.
Alaan investment signals Peak XV’s Middle East fintech ambition
A big Series A funding round in the Gulf, real estate’s luxury updates and other headlines from the week.
The legal and not-so-legal takeover of the UAE by Chinese cars
Cheaper, high-tech cars from China have flooded the UAE auto market in the past few years—sometimes entering through the back door.