ADQ to invest US$ 1 billion in LuLu
- Date: 20-Oct-2020
- Source: The Daily Tribune - News of Bahrain
- Sector:Financial Markets
- Country:UAE
ADQ to invest US$ 1 billion in LuLu
TDT | Abu Dhabi
The Daily Tribune – www.newsofbahrain.com
ADQ, one of the region's largest holding companies, has entered into a non-binding agreement with LuLu International Holdings (LIHL), the leading hypermarket & supermarket chain in the Middle East, paving the way for an investment supporting LIHL's expansion of operations in Egypt of up to USD 1 billion.
The latest deal is over and above the US$ 1 billion ADQ