kochi an abu dhabi investment firm led by sheikh tahnoon bin zayed al nahyan of the ruling family invested nearly 1 billion rs 7600 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 countrys national security adviserthis is the first time somebody is investing in lulu group and they are picking roughly 20 shares in the company excluding indian operations the person told toi the group operates 188 hypermarkets and supermarkets across the middle east india and far east considered to be the single largest employer of indians outside india the retailer has more than 30000 indians on its pay rolls advt lulu group was founded by indian entrepreneur m a yusuffali who hails from thrissur kerala apart from shopping malls ali also owns premium hotels across the middle east and europe in 2019 the company had a turnover of 74 billion and had a daily average footfall of more than 16 lakhwhen contacted v nandakumar spokesperson for the group declined to comment on the deal by shenoy karun tnn published on apr 23 2020 at 0832 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app lulu group retail industry abu dhabi royal investment sheikh zayed bin sultan al nahyan retailer investment m a yusuffali lulu hypermarkets abu dhabi royal homenewsabu dhabi royal invests rs 7600 crore in retailer lulu