Layali Al Mouj draws 72,000 visitors for an unforgettable Ramadan experience
Muscat – Al Mouj Muscat, Oman's leading lifestyle destination, recently concluded its inaugural Layali Al Mouj—a festive Ramadan initiative that transformed Al Mouj Walk into a vibrant hub of culture, family entertainment, and local enterprise. Held over three weeks, the event welcomed more than 72,000 visitors and brought together a rich calendar of Ramadan experiences under one umbrella including the joyful Qaranqasho celebration of children and families, reflecting Al Mouj Muscat's commitment to enhancing community engagement while supporting small businesses and entrepreneurs.
The festivities began with the Layali Al Mouj Market, where more than 47 vendors filled Al Mouj Muscat's central precinct with artisanal goods, homegrown concepts, and traditional delicacies, creating a true celebration of community and craftsmanship. This lively market paved the way for the Sohar International Souq, which provided visitors with a premium shopping experience in the days leading up to Eid Al Fitr, featuring more than 50 Omani brands and a curated selection of Eid gifts, fashion, and specialty items.
Nasser al Sheibani, CEO of Al Mouj Muscat, commented, 'Layali Al Mouj was designed to capture the spirit of Ramadan while offering a meaningful platform for local businesses to thrive. The response from our community and partners exceeded expectations, reinforcing Al Mouj Muscat's role as a destination where traditions are celebrated, connections are made, and businesses grow.'
Following the overwhelming success of this first-of-its-kind initiative, Layali Al Mouj is set to return in the fourth quarter of 2025 with new experiences, further enriching Al Mouj Muscat's vibrant community calendar.
For more on Al Mouj Muscat, please visit: https://www.almouj.com/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
7 days ago
- Observer
What is the Muslim hajj pilgrimage?
The hajj is an annual pilgrimage that millions of Muslims make to Mecca with the intention of performing religious rites as taught by the Prophet Mohammad to his followers 14 centuries ago. The fifth pillar of Islam, the hajj is mandatory once in a lifetime for every able-bodied Muslim who can afford it and is the most significant manifestation of Islamic faith and unity. The hajj begins in the 12th month of the Islamic year, which is lunar, not solar, meaning the hajj and the fasting month of Ramadan fall at different times of the solar calendar each year. A quota system for visitors to Mecca was introduced in 1987, agreed by member countries of the Organisation of Islamic Cooperation, to limit the number allowed by each country to 0.1% of its population. Stampedes, tent fires and other accidents have caused hundreds of deaths over the past 30 years, forcing the Saudi government to build new infrastructure. In 2011, Saudi Arabia began the biggest expansion yet of the Grand Mosque of Mecca to increase its capacity to 2 million. A new railway will link the holy sites around Mecca. Eid al-Adha, one of Islam's two main festivals, marks the climax of the annual hajj pilgrimage, when Muslims slaughter animals - to commemorate the willingness of Ibrahim, or Abraham, to sacrifice his son on God's command - often distributing meat to the poor.
Muscat Daily
02-06-2025
- Muscat Daily
Sohar International, Al Mouj sign MoU for RO63mn credit facility
Muscat – Sohar International and Al Mouj Muscat have signed a Memorandum of Understanding (MoU) for a strategic credit facility agreement valued at RO63mn to Al Mouj Muscat. Structured as a combination of term and revolving loan facilities, the agreement provides Al Mouj Muscat with the financial flexibility to accelerate ongoing and future developments, enhance operational efficiency, and pursue strategic expansion. This support will not only strengthen Al Mouj's diverse portfolio of residential, commercial, and hospitality assets but also enable the delivery of elevated experiences that meet the evolving expectations of its community, investors, and partners. In a press statement, Abdulwahid al Murshidi, Chief Executive Officer of Sohar International, said, 'At Sohar International, we take great pride in actively contributing to the sultanate's infrastructure development, which is central to Oman's broader national growth agenda. Our support for Al Mouj Muscat visionary project through this strategic credit facility reflects our commitment to empowering landmark initiatives that drive economic diversification and position Oman as a leading destination for investment and tourism.' Nasser al Sheibani, CEO of Al Mouj Muscat, said, 'Since the inception of Al Mouj Muscat in 2006, we have shouldered a great responsibility to become Omans' premier waterfront development and also a benchmark project for integrated mix-use developments. This agreement with Sohar International is a testament to the strength of our financial position and a clear vote of confidence in our vision for the future of the project.' The credit facility also underscores the strength and maturity of Oman's banking sector, highlighting the power of national institutional collaboration in advancing economic diversification. With this agreement, Al Mouj Muscat reinforces its foundation to create long-term value and solidify its position as a dynamic hub for lifestyle, leisure, and investment in the sultanate.
Observer
17-05-2025
- Observer
Lulu Retail reports $2.1 billion Q1 revenue
MUSCAT: Lulu Retail Holdings PLC ('Lulu' or the 'Company'), the largest and fastest growing pan GCC full line retailer, announced its financial results for the three-month period ended March 31,2025 ('Q1 2025'). KEY HIGHLIGHTS: • Q1 2025 revenue of $2.1 billion, up 7.3% YoY, with like-for-like sales up 3.6% YoY driven by strong sales during Ramadan period and volume growth in certain product categories • EBITDA of $214.1 million, up 6.4% YoY, with EBITDA margin of 10.3%, stable vs. Q1 2024 • Net profit of $69.7m, up 15.8% YoY, with net profit margin of 3.4%, up 25bps vs. Q1 2024 • Good strategic progress with five new stores opened in Q1 2025 including in Makkah and Madinah with the target for 20 new stores in 2025 unchanged • E-commerce sales grew strongly, up 25.3% YoY to $93.4 million; now 4.7% of retail revenue • Strong growth in revenue from Private Label products, up 9.5% YoY; 29.3% of retail revenue • Happiness loyalty program members reached c.6.3 million in Q1 vs. c.5.5 million in FY24; linked to 65% of sales Saifee Rupawala, Chief Executive Officer of Lulu, commented: 'We are pleased to have demonstrated good growth in the first quarter of this year, with revenue up 7.3% YoY. This was underpinned by a combination of like-for-like sales growth, supported by strong trading during the Ramadhan period, and our store rollout programme, which remains well on track with five stores opened in the quarter, in line with our plan to rollout a total of 20 stores in 2025. The first quarter also saw Lulu make good progress on delivering on our overall growth strategy, supported by robust sales in Private Label and e-commerce, which remain key components of our strategy.' 'Looking ahead, we expect our growth momentum to continue as we remain focused on several initiatives under each of our four key pillars, including driving growth in existing store network, opening new stores, driving operational efficiencies and delivering further upside through our private label and e-commerce offerings. Overall, we are pleased with the performance in the first quarter, marking a good start to 2025, and we look forward to continuing to deliver on our strategy throughout the rest of the year.' FINANCIAL SUMMARY Revenue grew a healthy 7.3% YoY to $2.1 billion in Q1 2025 driven by LFL sales growth of 3.6%, supported by strong trading during the Ramadan period. The good revenue performance was also driven by new store openings and high-volume growth across certain product categories, particularly in fresh food and lifestyle products. • Fresh food category revenue grew 7.9% YoY in the first quarter, driven by the Ramadan period, improved consumption trends. • Electrical goods category witnessed revenue growth of 29.0% YoY, mainly due to an increase in sales across higher value items. • Lifestyle products grew 6.9% YoY despite pressure as customers opted for more value products. • Consumer Packaged Goods (CPG) sales grew steadily at 1.4% YoY, with the sales increase mainly driven by strong volume growth, which was partly offset by some pricing pressure as a result of promotional campaigns. • E-commerce remains an important component of Lulu's growth strategy, with sales +25.3% YoY and customer count +26.1% YoY. Segment revenue performance driven by growth across all markets Lulu delivered revenue growth across all segments in Q1 2025, with particularly strong performances in KSA and Oman. • The UAE, Lulu's largest market, recorded a mid-single digit revenue increase of 5.2% YoY, led by particularly strong performance in the fresh food segment, which grew 15.6% YoY. This was further supported by strong e-commerce sales in the UAE which saw robust growth, rising 40.1% YoY, supported by an increase in sales through aggregators. • In the Kingdom of Saudi Arabia, revenue rose by 10.3% YoY, primarily driven by new store openings in last 12 months and strong LFL growth. Other key markets also delivered solid results in Q1 2025, with revenue in Oman increasing 7.8% YoY as a result of strong growth in the electrical goods product category, Qatar up 6.7% YoY following a good trading period during festive season, and Kuwait up 4.8% YoY, with supermarket sales contributing c.50% of overall growth in the region, further supported by a strong uptick in e-commerce sales. Profitability margins supported by cost efficiencies amidst promotional activity Gross profit increased 4.0% YoY to $464.5 million, with gross margins reaching 22.3% in the period, down 70 basis points compared to the prior year. This margin reduction was mainly due to promotional campaigns to drive higher footfall into Lulu stores during the festive period. EBITDA grew 6.4% YoY to $214.1 million, supported by improved operational cost efficiencies, which helped offset the lower gross margin. As a result, Q1 2025 EBITDA margin remained broadly stable at 10.3% compared to 10.4% in Q1 2024. On a post-lease expense basis, EBITDA margin improved by approximately 8 bps, reflecting Lulu's continued operational discipline. Net profit increased by 15.8% to $69.7 million, with net profit margins improving by 25 basis points as a result of stronger EBIT margin and lower interest expense, despite higher taxes in the period. Robust balance sheet During the quarter, net debt decreased to $2.3 billion, with net debt/EBITDA improved from 3.2x in December 2024 to 2.9x at the end of Q1 2025. Excluding lease liabilities, leverage improved from 1.3x to 0.9x over the same period. Strategic progress Lulu continues to make good progress on delivering on its growth strategy, having rolled out five new stores in the period, delivered good LFL growth within its existing stores and also benefitting from further upside opportunities across Private Label and e-commerce sales. During Q1 2025, Lulu opened two hypermarkets and three express stores, adding 22,339 sqm of retail space in the period, with the Company's total retail space up 2% to 1.34 million sqm, as at the end of Q1 2025. Within this, Lulu was pleased to open a 10k+ sqm hypermarket in Makkah and an express store in Madinah, two uniquely located stores with high footfall given the proximity to religious landmark cities in KSA. In addition to the two stores in KSA, Lulu also opened two express stores in the UAE, alongside a Hypermarket in Bahrain. Lulu remains on track with its store roll out plans, with the Company expending to open a total of 20 stores in 2025, with the remaining 15 stores expected to open over the course of the year. Lulu is also pleased to have signed a Memorandum of Understanding (MOU) with The Endowment and Minors Trust Foundation (Awqaf Dubai) for the development of a group of retail stores as part of Dubai's endowment projects. Under the partnership, Lulu will collaborate with Awqaf Dubai on upcoming community projects to develop shopping facilities that will better serve and enhance the retail experience of residents and visitors, while also contributing to Awqaf's broader social and economic objectives. Following the successful roll out of its loyalty program across all regions in 2024, Lulu's Happiness Loyalty programme continues to see good momentum in new members, having added c.904k new members in Q1 2025. Lulu now has a total of c.6.3 million loyalty members enrolled onto the program compared to the c.5.5 million at the end of 2024, with the loyalty program linked to c.65% of sales.
