Lulu Retail Holdings Public Offering Subscriptions open on 28 October 2024

The Largest and Fastest Growing Pan-GCC Full-Line Retailer Lulu has announced its intention to proceed with its IPO on ADX

Over the past 50 years, Lulu has grown to become the largest pan-GCC full-line retailer with 240 stores across all six GCC countries.

Investment Highlights

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

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Key facts & figures about Lulu Retail Holdings:

$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

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Important dates to remember

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’s dedicated IPO microsite: http://www.luluretail.com/ipo/

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.