Lulu Group founder gets Saudi green card

Dubai: Abu Dhabi-based Indian retail tycoon M A Yusuff Ali has become the first Indian to receive Saudi Arabia's premium residency, his office said in a statement on Monday.

Yusuff Ali, 64, is the chairman of the LuLu Group, who was ranked the richest expat in the UAE by the Forbes magazine last year.

The permit, informally known as Saudi green card, grants expatriates the right to live, work and own business and property in the Kingdom without need for a sponsor, the Lulu group said in a statement.