Lulu Retail Holdings Public Offering

Register your interest

The Largest and Fastest Growing Pan-GCC Full-Line Retailer

We are pleased to present you with the opportunity to subscribe to Lulu Retail Holdings Public Offering.

Subscriptions open: 28 October 2024.


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.
Intention to float announcement
21 October 2024
Opening of subscription
28 October 2024
Retail subscriptions closure
5 November 2024
Final price offer announcement
6 November 2024
Allocation and Refunds
13 November 2024
Expected listing date
14 November 2024
Market
ADX
Website
Lulu Retail Holdings
Read Prospectus

Key facts 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

600,000+
daily shoppers

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.

Figures as at 31 December 2023  | * As at 31 August 2024

IPO subscriptions, simplified

IPO applications processed instantly in real time on the app with no extra steps.

Download ENBD X via App Stores

  1. Log in to ENBD X and select "Transfer/Pay".
  2. Scroll down to "Payments" select "IPO subscription".
  3. Select IPO name.
  4. Select Category/Tranche.
  5. Enter your Investor Number.
  6. Agree to the “Terms and Condition”.
  7. Select broker name and input the amount.
  8. Review the details on Summary screen.
  9. Authorize the transaction using your smart pass PIN.
  10. You’ll receive IPO payment confirmation along with the reference and application number.

  1. Insert your debit card and enter your PIN number
  2. Select IPO subscription option in the main screen and select IPO name
  3. Enter your Investor Number
  4. Select the account from which the funds need to be debited
  5. Enter the amount to invest / number of shares
  6. Select the broker if any
  7. You’ll get a confirmation with the IPO application and reference numbers

S.No Branch Name Area Working Hours IPO Subscription Hours Location Contact
1 Group Head Office Branch Dubai Monday to Friday
(8:00 AM - 3:00 PM)
 Monday to Friday
(8:00 AM - 2:00 PM)
Ground Floor, Emirates NBD Group Head Office, Baniyas Road, Deira, Dubai		 800 3623 476
2 Jumeirah Branch Dubai Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)
Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai 		800 3623 476
3 Abu Dhabi Main Branch Abu Dhabi Monday to Friday
(8:00 AM - 3:00 PM)		 Monday to Friday
(8:00 AM - 1:00 PM)
Ground Floor, Al Neem Building, Shaikh Khalifa street , Abu Dhabi		 800 3623 476
4 Al Muroor Branch Abu Dhabi Monday to Saturday
(8:00 AM - 8:00 PM)		 Monday to Saturday
(8:00 AM - 1:00 PM)
New Airport Road, Muroor, Abu Dhabi		 800 3623 476
5 Al Ain Main Branch Abu Dhabi Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)
Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain		 800 3623 476
6 Ajman Branch Ajman Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)
Emirates NBD Building, Sheikh Rashid Bin Humaid St, Al Sawan, Ajman 		800 3623 476

Anyone with a valid Investor Number (NIN) and a registered mobile number in the related market in addition to your bank account details can subscribe to an IPO. You don’t need to be an Emirates NBD customer to participate.

An National Investor Number (NIN) is a unique identifier assigned to investors trading in the stock market. If you don’t have a NIN, you can open an Emirates NBD Securities account, and a NIN will be generated for you automatically for each market. (DFM, ADX, Tadawul)

Yes, you can subscribe to IPOs through our IPO portal even if you are not an Emirates NBD customer.

You can subscribe to IPOs through our IPO website, ENBD X mobile app and ATMs.

You can pay using:

  • For Emirates NBD Account Holders:
    • ATM
    • ENBD X Mobile App
  • For other Account Holders:
    • Payment Gateway System (UAEPGS)
    • Fund Transfer System (UAEFTS)
    • SWIFT

Once the IPO subscription has been confirmed and processed, it cannot be modified. Please review all details carefully before submission. Correct

In the event of an oversubscription, the allocation of shares is subject to the IPO’s allotment process. Any unallocated funds will be refunded to your account.

Yes, you will receive an email confirmation and SMS notification with your application number and a reference number once your subscription is processed.

Yes, you can subscribe to multiple IPOs simultaneously through our platform (if available), provided you meet the requirements for each IPO.

The minimum or maximum investment amount depends on the specific IPO. Please check the details of the IPO offering and read the prospectus for more information.

Yes, our dedicated IPO help line is available to assist you with any questions during the IPO subscription process. For any inquiries, please call: 800ENBDIPO (8003623476).

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