Lulu Retail targets 100 stores in Saudi Arabia under growth plans: Chairman

30/10/2025 Argaam
Yusuff Ali,Chairman ofLulu Retail Holdings PLC

Yusuff Ali, Chairman of Lulu Retail Holdings PLC

Lulu Retail Holdings PLC, the operator of retail stores across the GCC and 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.

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