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001122334455554433221100

billionaire yusuff ali's ipo elevates his wealth and status in uae

Yusuff Ali, who arrived in the UAE in 1973, opened his first grocery store in Abu Dhabi the following year and expanded his business during an oil boom. His recent $1.72 billion IPO of Lulu Retail Holdings Plc, the UAE's largest this year, has increased his net worth to $7.1 billion, making him the country's second-richest private individual, according to the Bloomberg Billionaires Index.
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