Lulu Retail IPO (Initial Public Offering)

Over the past 50 years, Lulu Retail has grown to become the largest pan-GCC full-line retailer with 240 stores across all six GCC countries.

Emirates Islamic Bank (P.J.S.C.) acting as Receiving Bank presents you with the opportunity to subscribe to the Lulu Retail Holdings Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).

Subscriptions will open on 28 October 2024.

Key facts & figures about Lulu Retail Holdings

$7.3bn of sales in 2023
240 stores across the GCC*
7.4% revenue CAGR (’21-’23)
10.4% EBITDA margin
50 year history in the GCC
29% of total sales are private label
85 sourcing countries
600,000+ daily shoppers
130+ nationalities catered to

Figures as at 31 December 2023.
* As at 31 August 2024.

Investment Highlights

Largest pan-GCC full-line retailer distinguished by scale, agility and trusted partnerships
Large and growing addressable market supported by strong tailwinds and transformation agendas
Compelling customer proposition underpinned by a well-balanced product offering
Strong operational backbone supported by global sourcing capabilities, including 85 sourcing countries and 21 distribution centres
Robust financial performance and growth with attractive margins and strong cash flow conversion
Highly experienced management team with 140+ years of combined experience at Lulu Retail with a proven track record of success, supported by committed shareholders

Important Dates to Remember

Key Dates	IPO Milestone
28 October 2024	Price Range and Subscriptions Open
5 November 2024	Retail Subscriptions Close
6 November 2024	Announcement of Final Offer Price
12 November 2024	Retail Allocation SMS
13 November 2024	Commencement of Refunds
14 November 2024	Expected Listing on ADX

To learn more about the IPO, visit Lulu Retail's dedicated IPO microsite: www.luluretail.com/ipo/

Ways to Apply

Existing Emirates Islamic customers:

1. Participating Branches: Visit any of the below branches to subscribe.

Region	Participating Branches	Documentation Requirements
Dubai	Healthcare City Branch Nad Al Hamar	For Individuals: The original and a copy of a valid passport or Emirates identity card; and In case the signatory is different from the Subscriber: • The duly notarised power of attorney held by that signatory or a certified copy by UAE-regulated persons/bodies, such as a notary public, or as otherwise duly regulated in the country; • The original passport/Emirates ID of the signatory for verification of signature and a copy of the original passport/Emirates ID; and • A copy of the passport/Emirates ID of the Subscriber for verification of signature. In case the signatory is a guardian of a minor, the following will be submitted: • Original and copy of the guardian’s passport/Emirates ID for verification of signature; • Original and copy of the minor’s passport; and • If the guardian is appointed by the court, original and copy of the guardianship deed attested by the court and other competent authorities (e.g. notary public). For Corporates: UAE-registered corporate bodies: • The original and a copy of a trade license or commercial registration for verification or a certified copy by one of the following UAE-regulated persons/bodies; a notary public or as otherwise duly regulated in the country; • The original and a copy of the document that authorises the signatory to sign on behalf of the subscriber and to represent the subscriber, to submit the application, and to accept the terms and conditions stipulated in the Prospectus and in the subscription form; and • The original and a copy of the passport/Emirates ID of the signatory.
Abu Dhabi	Main Branch Abu Dhabi Al Ain Branch
Sharjah & Northern Emirates	Halwan Branch Ajman Kalifa Bin Zayed Ras Al Khaimah Branch Fujairah Branch

Region

Participating Branches

Documentation Requirements

Dubai

Healthcare City Branch
Nad Al Hamar

For Individuals:

The original and a copy of a valid passport or Emirates identity card; and

In case the signatory is different from the Subscriber:

• The duly notarised power of attorney held by that signatory or a certified copy by UAE-regulated persons/bodies, such as a notary public, or as otherwise duly regulated in the country;
• The original passport/Emirates ID of the signatory for verification of signature and a copy of the original passport/Emirates ID; and
• A copy of the passport/Emirates ID of the Subscriber for verification of signature.

In case the signatory is a guardian of a minor, the following will be submitted:

• Original and copy of the guardian’s passport/Emirates ID for verification of signature;
• Original and copy of the minor’s passport; and
• If the guardian is appointed by the court, original and copy of the guardianship deed attested by the court and other competent authorities (e.g. notary public).

For Corporates:

UAE-registered corporate bodies:

• The original and a copy of a trade license or commercial registration for verification or a certified copy by one of the following UAE-regulated persons/bodies; a notary public or as otherwise duly regulated in the country;
• The original and a copy of the document that authorises the signatory to sign on behalf of the subscriber and to represent the subscriber, to submit the application, and to accept the terms and conditions stipulated in the Prospectus and in the subscription form; and
• The original and a copy of the passport/Emirates ID of the signatory.

Abu Dhabi

Main Branch Abu Dhabi
Al Ain Branch

Sharjah &
Northern Emirates

Halwan Branch
Ajman Kalifa Bin Zayed
Ras Al Khaimah Branch
Fujairah Branch

*Customers should have a Valid NIN with ADX for participation.

For more information on the ADX National Investor Number (NIN) and how to apply for one, please visit the ADX website at www.adx.ae or access the ADX FAQs at https://www.adx.ae/English/Pages/MarketParticipants/Investors/default.aspx.

Click here to view our Branch locations.

2. Bank ATMs

Steps to apply:

Enter your debit card and pin number
Select the IPO subscription option from the main screen and select Lulu Retail Holdings IPO
Enter a valid ADX NIN number
Select the eligible account number to be debited
Enter the amount to invest
Select the broker if any
The confirmation screen will show the IPO application number and reference number

3. Mobile Applications

Steps to apply via EI + Mobile Banking App:

Login to the app
Select the option Transfer and Pay
Select the option IPO Subscription
Select IPO Name
Select Category/Tranche
Enter Investor Number
Agree to Terms and Conditions
Select broker name and enter the amount
Confirm the details on summary screen
Authorise using SmartPass pin

Please ensure that the Mobile Application has been updated to the latest version.

Download the new EI + Mobile Banking App:

For Non Emirates Islamic customers (Via Participating Branches only):

Certified bank cheque (Manager’s cheque) drawn on a bank licensed and operating in the UAE, in favour of "Lulu Retail Holdings – IPO"; and for the investment amount
Valid ADX NIN
Identification documents as listed above

To find out more about the subscription criteria and process, please visit: www.luluretail.com/ipo/

Financing Options

Indicatively Emirates Islamic is offering its existing customers a 1:5 financing for this issue. Pre-approval is required, terms & conditions apply. Please contact your Relationship Manager to discuss financing options.

For further questions related to this offering please visit www.luluretail.com/ipo/ for further details.

Final allocation of shares is at the discretion of the issuer.

To apply for Financing, please click here.

Disclaimer: This announcement has not been reviewed or approved by the SCA, or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the shares should be based solely on the information in the Prospectus.