Yusuff Ali,Chairman ofLulu Retail Holdings PLC
Lulu Retail Holdings PLC, which operates retail stores across the GCC and is listed on the Abu Dhabi Securities Exchange (ADX), plans to expand in Saudi Arabia, increasing its stores from 70 to 100 in line with Saudi Arabia’s Vision 2030, said Chairman Yusuff Ali. 
In an interview with CNBC, Ali added that the company currently operates around 380 hypermarkets across the GCC, with ongoing plans to continue expanding throughout the Gulf, including Abu Dhabi, which is experiencing similar growth.
Regarding financing and interest rates, the chairman noted that rates have begun to decline after a period of increases, emphasizing that the group is adjusting to these changes according to market conditions.
Yusuff Ali,Chairman ofLulu Retail Holdings PLC
Lulu Retail Holdings PLC, which operates retail stores across the GCC and is listed on the Abu Dhabi Securities Exchange (ADX), plans to expand in Saudi Arabia, increasing its stores from 70 to 100 in line with Saudi Arabia’s Vision 2030, said Chairman Yusuff Ali.
In an interview with CNBC, Ali added that the company currently operates around 380 hypermarkets across the GCC, with ongoing plans to continue expanding throughout the Gulf, including Abu Dhabi, which is experiencing similar growth.
Regarding financing and interest rates, the chairman noted that rates have begun to decline after a period of increases, emphasizing that the group is adjusting to these changes according to market conditions.
