09/03/2026 09:30 AST

Lulu has opened a new Lulu Express store at the Khawaneej Gate, Al Khawaneej-2, Dubai developed by the Awqaf and Minors Affairs Foundation as part of its endowment projects in Dubai.

The opening marks a joint initiative between the Dubai Awqaf and Lulu Group aimed at providing essential retail services to residents while supporting sustainable endowment revenues that contribute to community initiatives across the emirate.

The store was inaugurated by Essa Abdullah Al Ghurair, Chairman of Awqaf & Minors Affairs Foundation in the presence of Ali Mohammed Al Mutawa, Secretary-General of Awqaf, and Yusuffali M.A., Chairman of Lulu Group, along with several officials and guests.

The opening forms part of the Al Khawaneej Endowment Mall project, developed to support local residents while generating sustainable income from endowment assets. Proceeds from such projects help fund mosque maintenance and community initiatives across the emirate.

The launch reflects the Awqaf strategy to develop high-quality endowment projects that generate sustainable returns while supporting social and community initiatives in Dubai'' said Essa Abdullah Al Ghurair.

He added that the foundation is expanding its development-focused endowment projects through strategic partnerships with the private sector to maximise the impact and sustainability of endowment resources.

Al Mutawa said the foundation continues to focus on developing modern endowment projects that enhance the financial sustainability of endowment assets while addressing the needs of the community.

The project reflects the growing partnership between Dubai Awqaf and Lulu Group. We are expected to operate more than 16 additional projects that will be developed by the Awqaf across the region " said Yusuffali M.A., Chairman of Lulu Group.

The new Lulu Xpress store spans around 19,800 square feet and includes sections for groceries, fresh produce, meat and seafood, bakery items, health and beauty products, and mobile accessories. The store also features ample parking and self-checkout counters for a convenient shopping experience.


Gulfnews

Lulu Retail plans to open 50 new stores, creating hundreds of job opportunities

16/02/2026

Lulu Retail Holdings, the region's largest pan-GCC full-line retailer, plans to open 50 outlets between 2026 and 2028 as it reported record Dh29.1 billion revenues for 2025, an increase of 4.1 per ce

Khaleej Times

LuLu Group to anchor Ajman's first mixed-use freezone retail hub

24/10/2025

LuLu Group International, in collaboration with Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Land Department and Ajman Tourism Development Department, and Mulk International, has unveile

Khaleej Times

LuLu, Mulk in JV to set up mixed-use freezone retail hub in Ajman

23/10/2025

In a pioneering move that is set to transform Ajman's economic and lifestyle landscape, Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Land Department and Ajman Tourism Development Departm

Trade Arabia

Ticker Price Volume
LULU Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
MEZZAN 1,475.00 -5.00 (-0.34%)
SPINNEYS 1.50 -0.01 (-0.67%)
GHITHA 16.64 -1.84 (-9.96%)
UNIONCOOP 2.19 0.02 (0.92%)
AGTHIA 3.96 -0.02 (-0.51%)
Ithmaar Holding shareholders approve move to raise capital

09/03/2026

Shareholders of Ithmaar Holding, a Bahrain-based holding company, on Sunday (March 8) approved its plan to raise capital, which includes the cancellation of accumulated losses against share capital a

Trade Arabia

Najran Cement signs up Sinoma for Madinah power grid project

09/03/2026

Saudi-based Najran Cement has awarded a SAR49 million ($13 million) contract to Sinoma International Engineering Limited for the development of an electric grid connection project at Sultanah in the

Trade Arabia

Aramco offers crude in rare tenders as Iran conflict disrupts exports

09/03/2026

Aramco has offered more than 2 ?million barrels of Saudi crude in rare tenders as the US-Iran conflict ?disrupted exports from the Middle East, trade sources said.

The state company offered

Trade Arabia

Aldar commits AED100m to orphans initiative

09/03/2026

Aldar, a leading developer based in the UAE, has committed AED100 million ($27.2 million) to the "Mother of the Nation Endowment for Orphans" initiative, launched by the Endowments and Minors' Funds

Trade Arabia

Al-Majdiah signs $20.48m deal with Emarna Contracting for Riyadh residential project

09/03/2026

Dar Al Majed Real Estate Company (Al-Majdiah) has signed a contract worth SAR77 million ($20.48 million) with Emarna Contracting Company to implement a new residential development in Riyadh's Al-Nada

Trade Arabia