UAE
Yusuff Ali M.A. Reappointed as Board Member of Abu Dhabi Chamber: rominent Indian-origin businessman Yusuff Ali M.A., Chairman and Managing Director of LuLu Group International, has been reappointed to the Board of Directors of the Abu Dhabi Chamber following a resolution issued by the Abu Dhabi Executive Council.
This marks the second time that Yusuff Ali has been appointed to the board through an official resolution. Previously, he secured his position three times through elections, reflecting strong support from the business community in the emirate.
Strengthening Abu Dhabi’s Private Sector
In an official statement, the Abu Dhabi Chamber extended its best wishes to Yusuff Ali for success in his renewed role. The Chamber highlighted its confidence in his ability to contribute meaningfully toward enhancing the private sector’s role and supporting Abu Dhabi’s long-term economic aspirations.
Yusuff Ali’s leadership is widely regarded as instrumental in fostering trade, retail expansion, and international business partnerships across the UAE and beyond.
Richest Indian in the UAE
Yusuff Ali was ranked the richest Indian in the UAE, with an estimated net worth of $5.8 billion, underscoring his influence in the region’s economic landscape. Over the years, he has emerged as one of the most respected business leaders in the Gulf, known for his philanthropic initiatives and contributions to India-UAE economic relations.
Global Footprint of LuLu Group
Under his leadership, LuLu Group International has grown into a global retail powerhouse employing more than 75,000 people from 46 nationalities. The group operates across multiple countries, including the UAE, Oman, Kuwait, Bahrain, Saudi Arabia, Qatar, Egypt, Indonesia, Thailand, Vietnam, Malaysia, the Philippines, China, Sri Lanka, Kenya, Uganda, South Africa, Turkey, Spain, Italy, the UK, the US, and India.
The company manages a vast network of hypermarkets, shopping malls, and a money exchange and remittance business, serving millions of customers annually.
Strong Financial Performance
Demonstrating sustained growth, LuLu Retail reported a net profit of $36 million (Dh132 million) for the third quarter of 2025, marking a 24 per cent year-on-year increase. The results highlight the group’s resilience and expansion momentum in competitive regional and global markets.
Yusuff Ali’s reappointment to the Abu Dhabi Chamber board is expected to further strengthen collaboration between government and private sector stakeholders, reinforcing Abu Dhabi’s position as a global business hub.
