Lulu adds another hypermarket in Saudi Arabia as it seeks revenue boost

At Dh5.5b, Saudi Arabia now makes up 20% of retail giant's revenues

Last updated: July 11, 2025 | 14:24

Manoj Nair, Business Editor

1 MIN READ

Lulu has opened its latest mega-store in Saudi Arabia, now making up 20% of the retailer's revenues.

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Dubai: The Abu Dhabi headquartered Lulu has opened its latest hypermarket in Saudi Arabia, with the Kingdom now contributing 20% of the company’s revenues.

The new 109,000 square feet outlet is in Jeddah’s Al-Baghdadiyah district, located along the Al Andalus Road.

This takes the number of Lulu-owned outlets in Saudi Arabia to 68, which includes the one in Aramco Neom. Total employee strength at these operations now number 12,000 plus. (The biggest Lulu hypermarket is in Riyadh, spreading over 200,000 square feet.)

According to Yusuffali M.A, Chairman of LuLu Group, “We remain dedicated to being a catalyst in Saudi Arabia’s dynamic retail transformation.

“This expansion reflects our commitment to the Kingdom’s Vision 2030 by creating jobs, enhancing retail infrastructure, and offering world-class shopping experiences to the community.”

Each store added will consolidate Lulu’s presence in a key market, the biggest contributor to the top-line after the UAE. The Saudi revenues currently come to SR5.5 billion.

The UAE contributes Dh10 billion, or 36% to the Lulu revenues.

The Lulu share price on ADX is at Dh1.27, up 1.6% in the last 30 days.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.