{"id":22077,"date":"2020-04-23T16:53:06","date_gmt":"2020-04-23T15:53:06","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=22077"},"modified":"2020-04-23T16:53:06","modified_gmt":"2020-04-23T15:53:06","slug":"royal-family-moves-to-invest-in-lulu-group-in-dubai","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/","title":{"rendered":"Royal family moves to invest in Lulu group in Dubai"},"content":{"rendered":"\n<p><strong>By Gulf News<\/strong><\/p>\n\n\n<p>An investment firm backed by a member of Abu Dhabi\u2019s royal family has agreed to buy a stake worth $1 billion in LuLu Group International.<\/p>\n\n\n<p>Lilu runs one of the Middle East\u2019s largest hypermarket chains.<\/p>\n\n\n<p>The company led by Sheikh Tahnoon Bin Zayed Al Nahyan acquired an almost 20 per cent holding in the Abu Dhabi-based supermarket group founded by Indian entrepreneur Yusuff Ali, the people said, asking not to be identified as the matter is private.<\/p>\n\n\n<p>Reliable sources said the it wasn\u2019t immediately clear which company Sheikh Tahnoon is using for the investment or if he was buying the stake in his personal capacity.<\/p>\n\n\n<p>Sheikh Tahnoon is the chairman of Royal Group, which has holdings in businesses such as media, trade, financing and real estate among others, according to its website. He is also the chairman of First Abu Dhabi Bank, the UAE\u2019s biggest lender.<\/p>\n\n\n<p>\u201cWe don\u2019t want to comment on market rumors,\u201d said V. Nandakumar, Lulu\u2019s chief communications officer. \u201cAn official statement will be issued if at all there are any updates.\u201d<\/p>\n\n\n<p>Abu Dhabi, holder of about 6 per cent of the world\u2019s proven oil reserves, is investing in local businesses to diversify its economy away from crude.<\/p>\n\n\n<p>At just over $1 billion, the LuLu deal ranks among one of the UAE\u2019s largest consumer deals in recent years.<\/p>\n\n\n<p>LuLu operates shopping malls and other businesses such as hospitality and real estate with annual turnover of about $7.4 billion and employs more than 50,000 people, according to its website.<\/p>\n\n\n<p><strong>More<\/strong><\/p>\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/gulfnews.com\/business\/retail\/firm-backed-by-an-abu-dhabi-royal-to-invest-1-billion-in-lulu-group-1.71117404\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>By Gulf News An investment firm backed by a member of Abu Dhabi\u2019s royal family has agreed to buy a stake worth $1 billion in LuLu Group International. Lilu runs one of the Middle East\u2019s largest hypermarket chains. The company led by Sheikh Tahnoon Bin Zayed Al Nahyan acquired an almost 20 per cent holding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[168,66,169],"class_list":["post-22077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-dubai","tag-investment","tag-lulu-group","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Royal family moves to invest in Lulu group in Dubai - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Royal family moves to invest in Lulu group in Dubai - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By Gulf News An investment firm backed by a member of Abu Dhabi\u2019s royal family has agreed to buy a stake worth $1 billion in LuLu Group International. Lilu runs one of the Middle East\u2019s largest hypermarket chains. The company led by Sheikh Tahnoon Bin Zayed Al Nahyan acquired an almost 20 per cent holding [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-23T15:53:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"341\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/\",\"name\":\"Royal family moves to invest in Lulu group in Dubai - The Freezone Channel\",\"isPartOf\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg\",\"datePublished\":\"2020-04-23T15:53:06+00:00\",\"dateModified\":\"2020-04-23T15:53:06+00:00\",\"author\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3\"},\"breadcrumb\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#primaryimage\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg\",\"contentUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg\",\"width\":512,\"height\":341},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thefreezonechannel.com\/old\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Royal family moves to invest in Lulu group in Dubai\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#website\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/\",\"name\":\"The Freezone Channel\",\"description\":\"The Freezone Channel\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thefreezonechannel.com\/old\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3\",\"name\":\"The Freezone Channel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g\",\"caption\":\"The Freezone Channel\"},\"sameAs\":[\"https:\/\/thefreezonechannel.com\"],\"url\":\"https:\/\/thefreezonechannel.com\/old\/author\/fzmainadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Royal family moves to invest in Lulu group in Dubai - The Freezone Channel","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/","og_locale":"en_US","og_type":"article","og_title":"Royal family moves to invest in Lulu group in Dubai - The Freezone Channel","og_description":"By Gulf News An investment firm backed by a member of Abu Dhabi\u2019s royal family has agreed to buy a stake worth $1 billion in LuLu Group International. Lilu runs one of the Middle East\u2019s largest hypermarket chains. The company led by Sheikh Tahnoon Bin Zayed Al Nahyan acquired an almost 20 per cent holding [&hellip;]","og_url":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/","og_site_name":"The Freezone Channel","article_published_time":"2020-04-23T15:53:06+00:00","og_image":[{"width":512,"height":341,"url":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg","type":"image\/jpeg"}],"author":"The Freezone Channel","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The Freezone Channel","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/","url":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/","name":"Royal family moves to invest in Lulu group in Dubai - The Freezone Channel","isPartOf":{"@id":"https:\/\/thefreezonechannel.com\/old\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#primaryimage"},"image":{"@id":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#primaryimage"},"thumbnailUrl":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg","datePublished":"2020-04-23T15:53:06+00:00","dateModified":"2020-04-23T15:53:06+00:00","author":{"@id":"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3"},"breadcrumb":{"@id":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#primaryimage","url":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg","contentUrl":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/04\/unnamed-2.jpg","width":512,"height":341},{"@type":"BreadcrumbList","@id":"https:\/\/thefreezonechannel.com\/old\/royal-family-moves-to-invest-in-lulu-group-in-dubai\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thefreezonechannel.com\/old\/"},{"@type":"ListItem","position":2,"name":"Royal family moves to invest in Lulu group in Dubai"}]},{"@type":"WebSite","@id":"https:\/\/thefreezonechannel.com\/old\/#website","url":"https:\/\/thefreezonechannel.com\/old\/","name":"The Freezone Channel","description":"The Freezone Channel","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thefreezonechannel.com\/old\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3","name":"The Freezone Channel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g","caption":"The Freezone Channel"},"sameAs":["https:\/\/thefreezonechannel.com"],"url":"https:\/\/thefreezonechannel.com\/old\/author\/fzmainadmin\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/posts\/22077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/comments?post=22077"}],"version-history":[{"count":0,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/posts\/22077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/media\/22087"}],"wp:attachment":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/media?parent=22077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/categories?post=22077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/tags?post=22077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}