LuLu Retail Holdings PLC, the region’s leading full-line retailer, has been awarded the coveted “Best IPO in the Middle East” title at the EMEA Finance Achievement Awards 2024, held in London. The recognition highlights LuLu Retail’s exceptional market debut and the remarkable success of its Initial Public Offering (IPO), which positioned the company as a key player on the Abu Dhabi Securities Exchange (ADX).

LuLu Retail raised US$1.7 billion during its IPO in the fourth quarter of 2024, making it one of the most significant public listings in the region in recent years. The offering attracted robust investor interest, reflecting the Group’s solid fundamentals, strategic vision, and market-leading position across the retail sector in the Middle East. The IPO was widely hailed as a landmark transaction that underscored investor confidence in the company’s growth trajectory and financial resilience.

The EMEA Finance Achievement Awards are considered a benchmark of excellence in capital markets across Europe, the Middle East, and Africa. Organized annually by EMEA Finance magazine, the awards recognize outstanding achievements in financial transactions, including IPOs, debt capital markets, mergers and acquisitions, and Islamic finance. Winners are selected by the magazine’s editorial board from a competitive pool of nominations submitted by top investment banks and corporates.

Commenting on the recognition, Saifee Rupawala, CEO of LuLu Retail Holdings, said: “We are truly honored to receive this award, which reflects the strength of our business, the commitment of our team, and the trust placed in us by our investors. The IPO marked a transformative chapter for LuLu Retail, and we remain committed to delivering long-term value and sustainable growth