Lulu Group International, which runs one of the Middle East’s largest supermarket chains, is considering an initial public offering (IPO) early next year in the UAE, according to a Bloomberg report which quoted people familiar with the matter.
Abu Dhabi-based Lulu Group was founded by Indian entrepreneur Yusuff Ali, who set up the first Lulu store in the early 1990s during a years-long oil boom in the Gulf region
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