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SAUDI PIF MAY INVEST IN UAE'S LULU CHAIN AS GULF NATIONS DIVERSIFYING INVESTMENTS

Published On 08 Oct 2020 08:19 AM


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HIGHLIGHTS

  • Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in early conversations to purchase a stake in general store chain Lulu Group International, two sources acquainted with the issue, told Reuters

It is in chats with Indian businessman Yusuff Ali, who established Abu Dhabi-based Lulu, perhaps the biggest chain in the Gulf area, the sources said.


Tags : saudi, lul, mall, investment, uae, chain,
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