CEO TODAY MIDDLE EAST AWARDS 2025 CEO and Executive Director Lulu Retail aifee Rupawala In October 2024, Lulu Retail Holdings announced plans for an initial public offering (IPO), aiming to raise up to $1.43 billion by offering a 25% stake, marking the largest IPO in the UAE that year. This strategic move underscores the company’s robust growth trajectory and its commitment to expanding its market presence. Lulu Retail’s vision is to position itself as a top global retail brand, leading the organized retail sector in all regions and being the preferred employer for a diverse workforce. The company’s mission focuses on delivering a unique shopping experience with top-notch products and services, while seeking new market opportunities and benefiting all business associates. Through ethical business practices and a commitment to sustainability, Lulu Retail aims to bring smiles and happiness to all, from sourcing products globally to offering them at fair prices in their stores. About Lulu Retail Lulu Retail is the largest full-line retailer across the GCC, leading by selling space, sales, and number of stores. Founded in 1974 by Yusuff Ali MA, the company has grown to operate 252 stores across six GCC countries, including 116 hypermarkets, 102 express stores, and 22 mini markets. Lulu Retail maintains a strong omnichannel presence, offering e-commerce services through its own web and mobile applications, as well as partnerships with platforms like Amazon, HungerStation, Snoonu, and Talabat. The company’s extensive global sourcing network spans 85 countries, ensuring a diverse and highquality product range. Lulu Retail is committed to sustainability, integrating environmental, social, and governance (ESG) principles into its corporate culture. As of fiscal year 2024, the company boasts over 1.3 million square meters of total retail space, serves more than 650,000 daily shoppers, and employs a diverse workforce across its operations. 43 www.luluretail.com OMAN Leadership Excellence in Retail and Consumer Goods
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