The Largest and Fastest Growing Pan-GCC Full-Line Retailer, Lulu Retail has announced its intention to proceed with its IPO on ADX.
Over the past 50 years, Lulu Retail has grown to become the largest pan-GCC full-line retailer with 240 stores across all six GCC countries.
Emirates Islamic Bank (P.J.S.C.) acting as Receiving Bank presents you with the opportunity to subscribe to the Lulu Retail Holdings Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
Subscriptions will open on 28 October 2024.
Key facts & figures about Lulu Retail Holdings
Figures as at 31 December 2023.
* As at 31 August 2024.
Investment Highlights
Important Dates to Remember
Key Dates | IPO Milestone |
---|---|
28 October 2024 | Price Range and Subscriptions Open |
5 November 2024 | Retail Subscriptions Close |
6 November 2024 | Announcement of Final Offer Price |
12 November 2024 | Retail Allocation SMS |
13 November 2024 | Commencement of Refunds |
14 November 2024 | Expected Listing on ADX |
To learn more about the IPO, visit Lulu Retail's dedicated IPO microsite: www.luluretail.com/ipo/
Existing Emirates Islamic customers:
1. Participating Branches: Visit any of the below branches to subscribe.
Region | Participating Branches | Documentation Requirements |
---|---|---|
Dubai |
Healthcare City Branch |
For Individuals: The original and a copy of a valid passport or Emirates identity card; and In case the signatory is different from the Subscriber: • The duly notarised power of attorney held by that signatory or a certified copy by UAE-regulated persons/bodies, such as a notary public, or as otherwise duly regulated in the country; In case the signatory is a guardian of a minor, the following will be submitted: • Original and copy of the guardian’s passport/Emirates ID for verification of signature; For Corporates: UAE-registered corporate bodies: • The original and a copy of a trade license or commercial registration for verification or a certified copy by one of the following UAE-regulated persons/bodies; a notary public or as otherwise duly regulated in the country; |
Abu Dhabi |
Main Branch Abu Dhabi
Al Ain Branch |
|
Sharjah & Northern Emirates |
Halwan Branch Ajman Kalifa Bin Zayed Ras Al Khaimah Branch Fujairah Branch |
*Customers should have a Valid NIN with ADX for participation.
For more information on the ADX National Investor Number (NIN) and how to apply for one, please visit the ADX website at www.adx.ae or access the ADX FAQs at https://www.adx.ae/English/Pages/MarketParticipants/Investors/default.aspx.
Click here to view our Branch locations.
2. Bank ATMs
Steps to apply:
3. Mobile Applications
Steps to apply via EI + Mobile Banking App:
For Non Emirates Islamic customers (Via Participating Branches only):
To find out more about the subscription criteria and process, please visit: www.luluretail.com/ipo/
Indicatively Emirates Islamic is offering its existing customers a 1:5 financing for this issue. Pre-approval is required, terms & conditions apply. Please contact your Relationship Manager to discuss financing options.
For further questions related to this offering please visit www.luluretail.com/ipo/ for further details.
Final allocation of shares is at the discretion of the issuer.
To apply for Financing, please click here.
Disclaimer: This announcement has not been reviewed or approved by the SCA, or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the shares should be based solely on the information in the Prospectus.