Riyadh, 22 November 2024:
Lulu Hypermarket Saudi Arabia proudly marks its 15th anniversary with the launch of its biggest shopping event of the year, Super Fest 2024. Running from November 27 to December 10, the fest celebrates a remarkable journey of success and commitment to excellence. Customers can look forward to unbeatable deals and exciting prizes, making this a shopping experience like no other.
The fest features massive discounts across all sections, including supermarkets, fashion, electronics, mobile phones, and home appliances. With savings totaling an impressive 25 million riyals, shoppers have an incredible opportunity to enjoy exceptional value throughout the celebration period.
Adding to the excitement, Super Fest 2024 offers shoppers the chance to win 1,500 gifts and prizes worth up to one million riyals. This event is more than just a sale—it blends remarkable discounts with entertainment and rewards, underscoring Lulu’s unwavering dedication to its customers.
Ahead of the fest launch, an exclusive event was held at the voco Hotel in Riyadh. Attended by key suppliers, influencers, and media representatives, the event highlighted Lulu’s achievements over the past 15 years. Special anniversary products and exclusive fest offers were unveiled, setting the stage for the celebrations.
During the event, Lulu honored its key suppliers with tokens of appreciation, recognizing their critical role in the company’s success. This gesture reinforced Lulu’s commitment to building strong partnerships with its strategic retail collaborators.
Mr. Shehim Mohammed, Director of Lulu Hypermarkets Saudi Arabia, expressed his pride and gratitude:
“Today, as we celebrate the 15th anniversary of Lulu’s establishment in Saudi Arabia, we take pride in a journey full of achievements and partnerships with our community and loyal customers. This occasion is not just a milestone, but a testament to your trust and ongoing support, which motivates us to continue offering the best. We invite you to share these special moments with us and enjoy the largest deals and prizes we have specially prepared for you. Together, we continue the journey of success.”
“Over the years, Lulu has been one of the leading players in the retail sector, and we look forward to continuing to provide an exceptional shopping experience that meets and exceeds our customers’ expectations. This fest is part of our ongoing commitment to strengthen our relationship with customers and offer them the best in the world of offers and shopping. We wish everyone a fantastic shopping experience,” he added.
Over the past 15 years, Lulu Saudi Arabia has established itself as a leader in the retail industry. Known for offering high-quality products at competitive prices, Lulu has built a strong network of stores across the Kingdom. The company’s focus on innovation and excellence has made it a trusted name in the retail sector.
Lulu invites everyone to join the celebration of Friday Super Fest 2024. Don’t miss the chance to enjoy extraordinary offers, win exciting prizes, and be part of a memorable shopping experience. This is a tribute to 15 years of success, innovation, and dedication to serving the Saudi community.
Recently, Lulu began trading on ADX on November 14th following its record-breaking IPO. The most significant aspect was the heavy pull in of first-time investors. All of whom made up 82,000+ retail investors, one of the highest recorded for a UAE IPO. The stock offering raised $1.72 billion, with aggregate demand at $37 billion for an oversubscription by 25 times. Trading began with a share price of AED 2.04 per share, showing positive trade.
UAE nationals picked up more of the Lulu shares, and foreign investors hold just over 77% of the stock, which is among the higher percentages of ADX-listed entities. Cornerstone investors included leading sovereign and institutional investors from across the GCC. Key investors in the Lulu IPO include Abu Dhabi Pension Fund, Emirates International Investment Company, Bahrain Mumtalakat Holdings, Oman Investment Authority, Kuwait Investment Authority, Qatar Investment Authority, Saudi PIF, Hassana Pension Fund, and the Singapore Sovereign Wealth Fund, among others.
