LuLu Retail Holdings has been honored with the prestigious “Best IPO in the Middle East” award by EMEA Finance, during its Achievement Awards ceremony held in London on June 22.
The accolade recognizes LuLu’s blockbuster Q4 2024 initial public offering, which raised approximately US $1.7 billion (AED 6.32 billion) and marked a landmark listing on the Abu Dhabi Securities Exchange (ADX). The IPO attracted massive investor attention, drawing demand of over AED 135 billion—making it the UAE’s largest non-government IPO in recent years.
In his acceptance speech, CEO Saifee Rupawala emphasized that the award “reflects the strength of our business, the commitment of our team, and the trust placed in us by our investors.” He reaffirmed LuLu Retail’s commitment to providing long-term value and sustainable growth.
The EMEA Finance Achievement Awards are widely regarded as a benchmark for excellence in capital markets across Europe, the Middle East, and Africa. Winners—chosen by the editorial board from a wide pool of market nominations—are celebrated for their impact, innovation, and transformative financial deals.
