Abu Dhabi royal invests Rs 7,600 crore in LuLu

An Abu Dhabi investment firm, led by Sheikh Tahnoon Bin Zayed Al Nahyan of the ruling family, invested nearly $1 billion (Rs 7,600 crore) in LuLu Group International, the holding company of LuLu hypermarkets, according to a source with knowledge of the matter. Sheikh Al Nahyan is the son of the UAE founder Sheikh Zayed bin Sultan Al Nahyan and currently serves as the country’s national security adviser.

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