Lulu Retail Holdings plans to open 50 outlets between 2026 and 2028, according to recent news. Early reports suggest it already holds a record of Dh29.1 billion in 2025 revenue. This is an increase of about 4.1% compared to last year. Here’s a look at what the retail store aims to achieve for its new expansion plans.
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Lulu has been one of the region's largest pan-GCC full-line retailers. Now it aims to expand its operations. The expansion is expected to create more job opportunities. Lulu had already opened 20 new stores in 2025. It now aims to reach a total store count of 267 by the end of 2026.
The upcoming 50 new outlets are expected to create hundreds of job opportunities in the GCC. This year, the net profit reached Dh753 million. The profit from expansion includes express stores, mini markets, and hypermarkets across the following countries:
UAE
Saudi Arabia
Kuwait
Bahrain
The company also announced a second-half dividend of 3.5 fils per share. Thus, the total 2025 dividend amounts to 7 fils per share (approx Dh724 million). Lulu's e-commerce sales increased 38.6 per cent year-on-year. Thus, resulting in a 51.8 per cent growth in Q4. Online platforms accounted for 7.3 per cent of retail sales in Q4. This also shows a loyal group of Lulu’s customers.
Furthermore, “Our existing portfolio and growing e-commerce presence position us to continue our disciplined expansion strategy across the GCC. Our high cash generation and confidence in the outlook allow us to propose a H2 dividend of 3.5 fils per share, taking the total to 7 fils per share for 2025. This offers an attractive yield to shareholders, who we thank for their continued support,” Saifee Rupawala, CEO, Lulu Retail, concluded.
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