Image Credit: Supplied Dubai: The Dubai headquartered retailer Spinneys ticked all the boxes when it comes to growth for the first nine months of 2024, with revenues now at its highest point of ...
Spinneys 1961, a grocery retail supermarket operator in the United Arab Emirates (UAE) and Oman, has announced its intention to list 25% of its shares for trading on the Dubai Financial Market (DFM).
Spinneys continued to make rapid progress on its store expansion programme. In Q3, it inaugurated a new warehouse facility in Kezad (UAE), increasing storage capacity by 220%. The company also ...
UAE supermarket operator Spinneys said net profit attributable rose to AED39.7 million ($10.6 million) in the third quarter, ...
The Dubai-based supermarket operator Spinneys posted 12% growth in Q3 2024 net profit to 35 million dirhams ($9.5 million). Revenue for the quarter grew by 15% year-on-year (YoY) to AED 701 million.
All at Spinneys remain firmly committed to delivering on our ambitious growth plans as we widen our footprint in the UAE, accelerate our expansion in Saudi Arabia, roll-out new concepts and deepen ...
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Incidentally, this is the second UAE based grocery retailer heading to the stock market this year. Earlier, there was the one from Spinneys. (Another grocery retailer, Union Coop, is also listed ...
Founded in 1974 by Indian businessman Yusuff Ali, Lulu joins other grocery firms that have listed, such as UAE-based Spinneys this year, and Saudi grocery retailer BinDawood Holding in 2020.
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