The region's top full-line retailer, LuLu Retail Holdings PLC, has been recognized by EMEA Finance magazine with the esteemed "Best IPO in the Middle East" title. The honor was given out yesterday at the annual EMEA Finance Achievement Awards 2024 in London.
LuLu Retail's historic IPO, which raised $1.7 billion in Q4 2024 and signaled the company's official listing on the Abu Dhabi Securities Exchange (ADX), is celebrated with this award. One of the most anticipated public listings in the area, the IPO attracted a lot of investor interest and strengthened market trust in the Group's retail leadership, financial stability, and growth trajectory.
The EMEA Finance Achievement Awards are recognized as a standard of excellence in the capital markets of Europe, the Middle East, and Africa. Investment banks, corporations, and market participants make nominations, and the editorial board chooses the winners.
From initial public offerings (IPOs), debt issuance, Islamic financing, structured deals, to mergers and acquisitions, the awards highlight the most significant and inventive financial activities.
