Largest pan-GCC full-line retailer distinguished by scale, agility and trusted partnerships
Large and growing addressable market supported by strong tailwinds and transformation agendas
Compelling customer proposition underpinned by a well-balanced product offering
Strong operational backbone supported by global sourcing capabilities, including 85 sourcing countries and 21 distribution centres
Robust financial performance and growth with attractive margins and strong cash flow conversion
Highly experienced management team with 140+ years of combined experience at Lulu with a proven track record of success, supported by committed shareholders
$7.3bn of sales in 2023
240 stores across the GCC*
7.4% revenue CAGR (’21-’23)
10.4% EBITDA margin
50 year history in the GCC
29% of total sales are private label
85 sourcing countries
600,000+ daily shoppers
130+ nationalities catered to
Figures as at 31 December 2023. * As at 31 August 2024
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.