The international retail network "Lulu" announced its intention to allocate 25% of its shares for public placement on the Abu Dhabi Exchange. The company "Lulu", known as "Lulu for Retail Trade", is preparing for its initial public offering (IPO) of 25% of its shares on the Abu Dhabi stock exchange.
"Our initial public offering is aimed at strengthening Lulu's presence in the retail sector and attracting new investments for further development," stated a representative of the company. It is planned that this deal will become one of the largest public offerings of shares in the region.
"We value the trust of our clients and investors and are confident that we can offer them attractive investment opportunities," noted the main executive director of the group. The strategy of the "Lulu" company includes expanding its retail network and increasing its share in the market.
