ADQ, Lulu to expand Egypt operations – GulfToday

  • Date: 20-Oct-2020
  • Source: Gulf Today
  • Sector:Retail
  • Country:UAE
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ADQ, Lulu to expand Egypt operations – GulfToday

Mohamed Hassan Al Suwaidi and Yusuff Ali MA during the event.



ADQ, one of the region's holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy, has announced it entered into a non-binding agreement with Lulu International Holdings, (LIHL) paving the way for an investment supporting LIHL's expansion of operations in Egypt of up to $1 billion.

The agreement was signed by Mohamed Hassan Al Suwaidi, Chief Executive Officer of