{"id":88730,"date":"2024-02-06T00:00:00","date_gmt":"2024-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/lulu-group-eyes-dual-listing-on-adx-tadawul\/"},"modified":"2024-02-06T00:00:00","modified_gmt":"2024-02-06T00:00:00","slug":"lulu-group-eyes-dual-listing-on-adx-tadawul","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/06\/lulu-group-eyes-dual-listing-on-adx-tadawul\/","title":{"rendered":"LuLu Group eyes dual-listing on ADX + Tadawul"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people.<\/strong> It\u2019s a brisk Tuesday morning, bringing us everything from macro indicators and capital markets news to legislation news. Let\u2019s jump right in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>BUT FIRST- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.lulugroupinternational.com\/\" style=\"\" rel=\"noopener\">LuLu Group International<\/a><\/strong><strong>, the operator of the iconic supermarket chain, is <\/strong><strong>shopping around for bankers <\/strong>for a potential dual-listing on the ADX and Riyadh\u2019s Tadawul in 2H 2024, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-05\/top-mideast-grocery-chain-lulu-seeks-pitches-for-1-billion-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The offering could be worth as much as USD 1 bn, the business information service says, citing sources it says have knowledge of the company\u2019s plans. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-headquartered LuLu is likely to list its GCC assets in the transaction. <\/strong>The company valued itself at north of USD 5 bn in 2020 when it sold a stake to Abu Dhabi wealth fund ADQ and last explored the possibility of an IPO in 2022. LuLu was thought in late 2023 to have been discussing the potential sale of a stake to Saudi Arabia\u2019s Public Investment Fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>Dual listings in the UAE and Saudi Arabia are rare. MENA restaurant operator <a target=\"_blank\" href=\"https:\/\/www.americanarestaurants.com\/investors\/sharegraph\/\" style=\"\" rel=\"noopener\">Americana Restaurants<\/a> went for an ADX + Tadawul listing in 2022. LuLu declined to comment on Bloomberg\u2019s report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>LuLu has 18 hypermarkets and seven shopping malls <a target=\"_blank\" href=\"https:\/\/www.lulugroupinternational.com\/corporate\/expansion-plans\/\" style=\"\" rel=\"noopener\">in its pipeline<\/a> as it pushes ahead with aggressive growth plans. It has some 70k employees across more than two dozen countries, but its centers of gravity are the GCC, India and, more recently, Egypt. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.petrospot.com\/events\/mebc24-dubai\" style=\"\" rel=\"noopener\">Middle East Bunkering Convention<\/a><\/strong><strong> continues today and tomorrow <\/strong>at the Hilton Dubai Jumeirah. The event brings together industry players to discuss issues in the global marine fuel sector, including supply chains, decarbonization, and new fuels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Foreign Affairs Ministry\u2019s Ambassadors and Representatives of <\/strong><strong>Missions Abroad Forum is on its second day<\/strong> and runs until this Thursday, the ministry said in a <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/2\/4\/4-2-2024-uae-ambassadors\" style=\"\" rel=\"noopener\">statement<\/a>. Over the span of 30 sessions, ministers, senior officials and government representatives will gather at the Foreign Affairs Ministry to discuss regional issues, geostrategic developments, and plans to advance the government\u2019s strategy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mubadalaabudhabiopen.com\/tickets\/\" style=\"\" rel=\"noopener\">Mubadala Abu Dhabi Tennis Open<\/a><\/strong><strong> tournament is underway at Zayed Sports City's<\/strong><strong> International Tennis Center.<\/strong> Today will see the continuation of the round of 32, with the round of 16 kicking off tomorrow. The final will take place on Sunday, 11 February. <\/p>\n\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Biggest dental conference happening this week at DWTC:<\/strong> The Arab Dental Exhibition Dubai is set to take place from tomorrow to Thursday at the Dubai World Trade Centre, bringing together an estimated 66k attendees and 5.3k global brands, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1g1mn6-aeedc-dubai-2024-kicks-off-next-week\" style=\"\" rel=\"noopener\">Wam<\/a> says. The gathering is one of the largest healthcare conferences in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai\u2019s PMI figures will be out<\/strong> on Thursday, 8 February. We have the more comprehensive federal PMI in today\u2019s news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Sharjah Consultative Council will discuss restructuring the Police Science <\/strong><strong>Academy in Sharjah <\/strong>this Thursday, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/02\/05\/SCC-Gathers-for-Police-Academy-Restructuring\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. The restructuring would be enforced under a proposed bill amending a 2014 law.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> MORNING MUST-READ-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1-<\/strong><strong>2024 is going to look a lot like 2023, with some moderation, according to Emirates <\/strong><strong>NBD:<\/strong> \u201cThe long-term outlook is absolutely brilliant because UAE is next Switzerland,\u201d Emirates NBD\u2019s Chief Investment Officer Maurice Gravier <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/ml\/business\/realty\/uae-property-market-not-affected-by-regional-geopolitical-issues-says-expert?_refresh=true\" style=\"\" rel=\"noopener\">told<\/a><a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/ml\/business\/realty\/uae-property-market-not-affected-by-regional-geopolitical-issues-says-expert?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. Speaking at a <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\/media-center\/emirates-nbd-group-chief-investment-officer-announces-the-year-of-answers\" style=\"\" rel=\"noopener\">media roundtable<\/a> where the bank presented its outlook for 2024, Gravier added that geopolitical tensions will not impact the country\u2019s booming property sector. However, prices could moderate as more supply pours into the market, he noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Macro outlook:<\/strong> The bank expects the UAE economy to expand at a 3.3% clip in 2024, accelerating slightly from the 3.1% growth <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf61c6b9-39fe-4397-a725-47b121c3fe95\" style=\"\" rel=\"noopener\">expected to be logged<\/a> last year, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/realty\/uaes-banking-real-estate-and-adnoc-stocks-to-perform-well-in-2024-says-dubais-largest-bank?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reported separately. Growth will pick up to 4% by 2025, led by a 4.7% expansion of the non-oil economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks will also have a \u201cgood year\u201d as companies continue to pay out dividends<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/realty\/uaes-banking-real-estate-and-adnoc-stocks-to-perform-well-in-2024-says-dubais-largest-bank?_refresh=true\" style=\"\" rel=\"noopener\">said<\/a> Anita Gupta, head of equity strategy wealth management at Emirates NBD, noting that it may not be the \u201castronomical\u201d growth witnessed in 2023. Emirati banks <a target=\"_blank\" href=\"https:\/\/economymiddleeast.com\/news\/uae-banks-record-net-profits\/\" style=\"\" rel=\"noopener\">saw net incomes and revenues soar to record highs<\/a> over the past year, amid momentum in the real estate market and robust liquidity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD sees less global central bank influence this year:<\/strong> \u201cCentral banks, who outright dominated markets for 15 years, should become less radical, more predictable, less prominent. With pivotal changes also materializing in the international order and in technology, the investment landscape is definitely rejuvenated,\u201d said Gravier.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1-<\/strong><strong>The job market could see a 20-25% ramp-up in hiring this year<\/strong>, following a 20% rise in 2023, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/jobs\/uae-jobs-hiring-picks-up-in-2024-with-growing-emphasis-on-diversity\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports Marc Ellis' General Manager Aws Ismail. Hiring managers are looking to recruit more professionals in IT, finance, banking, AI, and cybersecurity according to Hidayath group Senior HR officer Nadeem Ahmed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Front-month trading volume on the Dubai-based energy-focused commodity exchange <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaimerc.com\/\" style=\"\" rel=\"noopener\">Dubai Mercantile Exchange (DME)<\/a><\/strong><strong> rose 6.3% y-o-y in 2023<\/strong>, reaching 800 mn barrels, according to a <a target=\"_blank\" href=\"https:\/\/dubaimerc.com\/news\/details\/DME-Achieves-Remarkable-Growth-in-Trading-and-Physical-Delivery-Volumes-in-2023#:~:text=DME%27s%20accomplishments%20in%202023%20included,billion%20barrels%20traded%20in%20total.\" style=\"\" rel=\"noopener\">DME press release<\/a>. Physical delivery volumes rose 16% y-o-y to 210 mn barrels during the year, with physical exposure reaching 262 mn barrels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- Dubai property market purchase prices grew by 17.4% in 2023<\/strong>,accelerating at the fastest pace compared to other major city property markets, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/realty\/cost-of-buying-selling-2million-property-cheaper-in-dubai-than-london-mumbai-paris-among-other-c\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports, citing real estate consultancy Savills Global Residential Director Jelena Cvjetkovic. Despite the market growth, Cvjetkovic projects that the rate of growth will slow down to 4-5.9% in 2024 while remaining the second fastest-growing market after Sydney, according to Cvjetkovic\u2019s projection.<\/p>\n<p class=\"tag-border-left\">PUBLIC SERVICE ANNOUNCEMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/en\" style=\"\" rel=\"noopener\">Central Bank<\/a><\/strong><strong> has launched its latest round of executive certificates for <\/strong><strong>risk-based supervision professionals<\/strong>, accredited by the <a target=\"_blank\" href=\"https:\/\/iob.ie\/\" style=\"\" rel=\"noopener\">Institute of Bankers<\/a>, a part of the University college of Dublin, reports state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13r1j94-cbuae-launches-5th-cohort-executive-certificate\" style=\"\" rel=\"noopener\">Wam<\/a>. Inaugurated in 2021, the program coaches bank supervisors to spot and mitigate the impact of risks on financial systems, in a bid to improve monetary and financial stability in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2-<\/strong><strong>Sharjah\u2019s investment community will have a direct channel of communication with <\/strong><strong>the Sharjah government\u2019s investment arm, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sam.ae\/\" style=\"\" rel=\"noopener\">Sharjah Asset Management<\/a><\/strong>, after it launched a new customer service center, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/02\/05\/SAM-launches-customer-service-centre\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. The center will offer services both in Arabic and in English.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Abu Dhabi Executive Council now has a board of trustees for the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adfca.gov.ae\/\" style=\"\" rel=\"noopener\">Family Care Authority<\/a><\/strong>, responsible for offering specialized and integrated services for families on a case-by-case basis, reports the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/abu-dhabi-executive-council-issues-resolution-forming-board-of-trustees-of-family-care-authority\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The council also expanded the authority\u2019s responsibilities to encompass the <a target=\"_blank\" href=\"https:\/\/ewaa.gov.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Center for Sheltering and Humanitarian Care (Ewaa)<\/a>, including providing sheltering and rehabilitation services and counseling for human trafficking victims.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors and startups with sustainable solutions can now apply to Dubai Holding\u2019s<\/strong><strong> Innovate for Tomorrow challenge<\/strong>, which will provide the selected company with a rewards package and funding. Ideas can range from solutions for economic circularity, resource efficiency and supply chain sustainability to waste reduction and consumer education, according to the Dubai Media Office. The selected idea will get access to Tecom Group\u2019s in5 business incubator, and will get the chance to implement the idea through a pilot program with Dubai Holding. Applications can be submitted <a target=\"_blank\" href=\"https:\/\/innovate-for-tomorrow.dubaiholding.com\/?utm_source=gdmo&utm_medium=external&utm_campaign=innovate-for-tomorrow\" style=\"\" rel=\"noopener\">here<\/a> until 31 March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.theuaetourwomen.com\/\" style=\"\" rel=\"noopener\">The UAE Tour Women<\/a><\/strong><strong> is happening from this Thursday until next Sunday starting in Dubai and ending in <\/strong><strong>Abu Dhabi. <\/strong>The event will feature three sprint stages and a mountain climb up Jebel Hafeet, spanning 468 km from Dubai to Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.safcongressmena.com\/\" style=\"\" rel=\"noopener\">Sustainable Aviation Futures MENA<\/a><\/strong><strong> will kick off next Monday, 12 February<\/strong> through to Wednesday, 14 February at Kempinski Central Avenue. The event will see 80 speakers and upwards of 200 attendees discuss regulation, financing, and investments in sustainable aviation fuels in MENA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldgovernmentsummit.org\/\" style=\"\" rel=\"noopener\">World Government Summit<\/a><\/strong><strong> from Monday, 12 February<\/strong>, to Wednesday, 14 February. The summit, focusing on the daily implications of AI, will include 15 AI-centered conferences, and an annual gathering for the Time 100 AI list. OpenAI CEO Sam Altman will be among the speakers headlining the event, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/government\/uae-sam-altman-of-chatgpt-maker-openai-among-global-disruptors-to-headline-world-government-summit-2024-in-dubai-1.100610988#:~:text=Dubai%3A%20The%20World%20Government%20Summit,4%20%2D%20and%20other%20global%20disruptors.\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai will also host the Future Warehouse & Logistics 2024 Conference from Monday, 12<\/strong><strong> February <\/strong>to Wednesday, 14 February. On the agenda: How to boost resilience and overcome challenges, with discussions on disruptions, sustainability, internet of things, automation, workplace management and other topics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/middleeast.breakbulk.com\/Home\" style=\"\" rel=\"noopener\">Breakbulk Middle East 2024<\/a><\/strong><strong> will take place from Monday, 12 February<\/strong>, to Tuesday,13 January, in Dubai. The event is being hosted by the Ministry of Energy and Infrastructure to address industry challenges and identify prospects for growth in the UAE, KSA, and East Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/\" style=\"\" rel=\"noopener\">Investopia Summit<\/a><\/strong><strong> will take place from Wednesday, 28 February, to Thursday, <\/strong><strong>29 February<\/strong>, in Abu Dhabi. The two-day event will run under the theme \u201cEmerging Economic Frontiers: Investing in Fast-Growing Sectors in the New Economy,\u201d gathering investors, government officials, and entrepreneurs to explore investments in strategic markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi is set to host the World Congress of the World Federation of the Deaf in<\/strong><strong> 2027<\/strong>, marking the first time the event will take place in the Middle East and North Africa (MENA), <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/13qze3k-abu-dhabi-receives-banner-for-hosting-the-wfd\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Some 125 countries and over 2k hard of hearing participants from across the world are expected to participate in the event. The event promotes the inclusion of deaf individuals in societies and aims to increase awareness about their rights.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The inaugural edition of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/driftx_driftx-smartautonomoustechnology-urbanmobility-activity-7155243737772613633-c5C_\/\" style=\"\" rel=\"noopener\">DRIFTx<\/a><\/strong><strong> will take place in Abu Dhabi in April. <\/strong>The event is supported by the <a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Investment Office<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bayanat.ai\/\" style=\"\" rel=\"noopener\">Bayanat<\/a>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/technology\/bayanat-partners-with-driftx-as-anchor-partner-for-inaugural-event\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The showcase will offer an international platform for smart and sustainable urban mobility, featuring Banayat\u2019s autonomous taxis by <a target=\"_blank\" href=\"https:\/\/www.txai.taxi\/\" style=\"\" rel=\"noopener\">TXAI<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, nice people. It\u2019s a brisk Tuesday morning, bringing us everything from macro indicators and capital markets news to legislation news. Let\u2019s jump right in. BUT FIRST- LuLu Group International, the operator of the iconic supermarket chain, is shopping around for bankers for a potential dual-listing on the ADX and Riyadh\u2019s Tadawul in 2H [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":88731,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[74,260,7,641,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-adx","tag-emirates-nbd","tag-enterpriseam-uae","tag-lulu-group","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"03d1a1ba-d94b-4ddd-8743-ee41a54f980b","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/1\/871.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: LuLu Group eyes dual-listing on ADX + Tadawul","related_issue":[88728],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.5866013f-0a27-4f08-811b-021c05fcf67e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LuLu Group eyes dual-listing on ADX + Tadawul - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/06\/lulu-group-eyes-dual-listing-on-adx-tadawul\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LuLu Group eyes dual-listing on ADX + Tadawul\" \/>\n<meta property=\"og:description\" content=\"Good morning, nice people. It\u2019s a brisk Tuesday morning, bringing us everything from macro indicators and capital markets news to legislation news. Let\u2019s jump right in. 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