In a significant development for the UAE’s business community, Lulu Group Chairman and Managing Director Yusuff Ali MA has been reappointed to the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry. The appointment came through an official resolution issued by the Abu Dhabi Executive Council, marking the second time the prominent business leader has received such an appointment through council resolution.
This reappointment represents the latest chapter in Yusuff Ali’s longstanding relationship with the Chamber, having previously served three separate terms as an elected board member. The Abu Dhabi Chamber formally welcomed his return, stating: “The Chamber extends its best wishes for success in his new role and for meaningful contributions toward enhancing the role and impact of the private sector in the Emirate, while supporting the achievement of Abu Dhabi’s economic aspirations.”
Yusuff Ali, ranked as the wealthiest Indian national in the UAE with an estimated fortune of $5.8 billion, leads one of the region’s most expansive retail empires. Lulu Group maintains a formidable global presence with operations spanning 22 countries and a diverse workforce exceeding 75,000 employees representing 46 nationalities.
The group’s portfolio includes an extensive network of shopping malls, hypermarkets, and financial services through its money exchange and remittance division. Recent financial performance indicators demonstrate robust growth, with Lulu Retail reporting a net profit of $36 million (Dh132 million) for the third quarter of 2025—representing a substantial 24 percent year-on-year increase.
This strategic appointment reinforces the continued collaboration between government institutions and private sector leadership in driving Abu Dhabi’s economic vision forward.