ADQ to invest US$ 1 billion in LuLu

  • Date: 20-Oct-2020
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Financial Markets
  • Country:UAE
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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