LULU

The Company and its subsidiaries (the “Group”) is the largest full-line retailer with stores in all GCC countries (“pan-GCC retailer”) by Selling Space, sales (retail sales value) and number of stores in 2023. The Group operates retail stores under the “LuLu” brand in the UAE, the KSA, Oman, Qatar, Kuwait and Bahrain (together, the Group’s “Markets”). According to the Market Consultant, the Group was the second largest grocery retailer in the UAE and the largest retailer in Oman, Qatar, Bahrain and Kuwait and the fastest growing and largest pan-GCC retailer in the KSA, in each case based on the retail sales value for 2023 According to the Market Consultant, the Group holds the top position in modern offline grocery retail in the GCC region, capturing 13.5% share of the GCC modern offline grocery market in 2023.