Malayali retail tycoon MA Yusuff Ali has become the first Indian to receive Saudi Arabia’s premium residency. His office said in a statement that he is the first Indian to have received the permit.
He was ranked the richest expat in the UAE by Forbes magazine last year. Calling it a very proud and humbling moment in his life, Ali said it was a great honour not only for him but for the entire Indian expat community and added, “I sincerely thank HM the King Salman, HRH Crown Prince Mohamed bin Salman and the government of Saudi Arabia.”
Yusuf Ali is the chairman of the LuLu Group which owns and operates more than 35 hypermarkets and supermarkets in Saudi Arabia, which includes ARAMCO Commissaries and National Guards super stores.