DUBAI – Lulu Retail has increased its first-half 2025 dividend to Dh361.1 million (3.5 fils per share), up from 3 fils in the second half of 2024. The Abu Dhabi-based retailer posted a net profit of Dh466 million for the period.
Lulu’s share price was unchanged at Dh1.21 on Wednesday after briefly gaining 2%. Analysts say further expansion outside the UAE and growth in e-commerce could help close the gap with its IPO price of Dh2.04. Foreign investors currently own 76% of the company.
Tabreed, the district cooling firm, announced its first interim dividend of 6.5 fils per share based on H1-2025 profit of Dh276 million. The company’s share price has risen 15% since late June, closing at Dh2.97. The gains follow its Dh3.8 billion acquisition of PAL Cooling with CVC Capital Partners.
Spinneys shares remain above their IPO price, trading at Dh1.59 after a 5% rise in the past month.
