LuLu's H1 dividend lifts hopes for stock rebound

TABREED SHARES LEAD WAY AFTER 2% CLIMB IN 1 MONTH

- BY MANOJ NAIR

Investors in LuLu Retail are eyeing a significant share price boost after the Abu Dhabi-based hypermarket operator confirmed a first-half dividend of Dh361.1 million.

The payout, equivalent to 3.5 fils per share, is higher than the 3 fils a share distributed for H2-2024.

Solid results

LuLu also reported H1-2025 net profits of Dh466 million. The stock looked set for a 2 per cent gain on Wednesday but closed unchanged at Dh1.21. Even so, it remained among the most actively traded on the ADX that day.

Analysts say the coming days will be crucial if LuLu is to close the gap between its current price and its IPO listing price of Dh2.04.

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