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Lulu Retail Holdings IPO: Indian businessman Yusuff Ali-founded Lulu kicks off one of UAE's biggest IPOs this year

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Lulu Retail Holdings, a leading hypermarket chain in the Middle East, has initiated its IPO process, potentially the UAE's largest this year. Scheduled between October 28 and November 5, the IPO aims to raise up to $1.8 billion for a 25% stake.

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