LuLu Wins “Best Middle East IPO” Award in London
July 1, 2025
LuLu Retail Holding PLC, a leading integrated retail giant in the region, has been awarded the prestigious “Best Initial Public Offering (IPO) in the Middle East” by EMEA Finance during its 2024 awards ceremony held in London.
The award recognizes LuLu’s historic IPO in Q4 2024, which successfully raised $1.7 billion USD, with the company officially listed on the Abu Dhabi Securities Exchange (ADX).
With over 270 stores across the Middle East, India, and East Asia, LuLu is among the largest retail chains in the region. In Oman, LuLu operates over 30 branches nationwide, capturing a significant share of the local market.
EMEA Finance Awards are considered a benchmark for excellence and innovation in capital markets across Europe, the Middle East, and Africa. Winners are selected from nominations submitted by investment banks, private firms, and market stakeholders.
Saifee Rupawala, CEO of LuLu Retail Holding, said:
“This award confirms the strength of our business and the trust placed in us by our investors. The IPO marked a transformative milestone, and we remain committed to long-term value creation and sustainable growth.”
The award was received by Mr. Rupawala, Prasad KK (CFO), and Nadeen Jose (Company Secretary) during the London ceremony.
