LuLu Hypermarket Group has been ranked third in the Forbes list of Top 100 companies making an impact in the Arab world. LuLu is the only Indian company to be featured in the top 10.

Sheikh Nahyan bin Mubarak al-Nahyan, the UAE’s Minister of Culture, Youth and Social Development, presented the award to Yusuffali, managing director of LuLu Group, at a ceremony held in Abu Dhabi.

The event was attended by government officials, businessmen and people from various walks of life. National Commercial Bank of Saudi Arabia bagged the first position while the UAE’s Al Futtaim Group came in second.

The list covers companies operating in Saudi Arabia, the UAE, Jordan, Kuwait, Oman, Bahrain and Lebanon. The main criteria involved are financial results, CSR programmes, global presence, number of subsidiaries, employee strength and the assessments of independent auditors and the Forbes research team.