UPDATE 1-Gulf investor bids for fashion house Lacroix

* Hassan bin Ali al-Nuaim submitted offer -administrator

* Offer meets criteria on jobs, debt -administrator

* Designer Christian Lacroix would be minority shareholder

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By Pascale Denis

PARIS, Oct 8 (Reuters) - Gulf investor Hassan bin Ali al-Nuaimi, a nephew of the ruler of Ajman, part of the United Arab Emirates, submitted an offer for Christian Lacroix on Thursday, the administrator for the French fashion house said.

The designer behind the loss-making brand would become a minority shareholder in the company under the proposed deal, Regis Valliot told Reuters on Thursday.

“The offer has been formally lodged. It fulfils perfectly all the necessary criteria concerning maintaining the company’s business, safeguarding jobs and assuming debt,” Valliot said.

Al-Nuaimi faces rival proposals from France’s Bernard Krief Consulting (BKC) and the Financiere Saint-Germain holding company that owns the Daum and Lalique crystalware firms.

A French court is due to decide on the future of the fashion house by the end of the month.

Christian Lacroix was once part of French luxury goods group LVMH LVMH.PA but now belongs to the Falic family, which owns U.S. retail group Duty Free Americas.

The fashion house, known for its coulourful baroque-style dresses, filed for creditor protection in May after it was hit hard by a global collapse in consumer spending. The company has never made a profit in 22 years of trading.

In 2008, the company made a loss of 10 million euros ($14.8 million) on revenue of 30 million. ($1=.6767 Euro) (Editing by Hans Peters)