Majid Al-Futtaim’s H1 results show solid revenue and profit growth

Majid Al-Futtaim’s H1 results show solid revenue and profit growth

LuLu Hypermarket opened on Monday its 33rd Saudi outlet in the historic city of Hafar Al-Batin in the Eastern Province. The store is spread across one level of more than 120,000 square feet in Al-Othaim Mall and promises to be a shoppers’ delight, complete with all the popular LuLu shopping touch-points such as grocery, fresh fruit and vegetables, and fashion.

Prince Mansour bin Mohammed bin Saad Al-Saud, governor of Hafar Al-Batin region, inaugurated the store in the presence of Khalaf Hamdan Al-Otaibi, mayor of Hafar Al-Batin. The chief guests were welcomed by Yusuff Ali M.A., chairman and managing director of Lulu Group International, and senior management. 

Ali thanked the Saudi leadership — King Salman, Crown Prince Mohammed bin Salman and Eastern Province Gov. Prince Saud bin Naif.

“The Saudi leadership is building a strong economic environment in the Kingdom for investors and citizens to thrive and prosper,” Ali said.

“LuLu Group’s new hypermarket in the Eastern Province underscores our efforts to keep pace with the rapid urban expansion of Saudi Arabia, where more and more cities and districts are increasing facilities and see the community as the heart of the Kingdom’s progress.” 

The chairman said that LuLu Group was working toward consolidating Saudization in its