The company Lulu Retail Holdings received full coverage of shares in its initial public offering at 5.27 billion dirhams (1.43 billion dollars) in total an hour after the opening of the subscription.
This indicates high investor interest in this placement. Despite the complexities in the economy due to the pandemic, the company’s shares became popular among various investors...
"The funds received will be directed towards business expansion and the implementation of new innovations," noted General Director Lulu...
In conclusion: the successful start of the public offering, the support of investors, and the company's plans for the future create favorable prospects for the development of Lulu Retail Holdings.
