“During the first-half of the year, we made a number of important steps in the execution of our strategy, expanding our footprint by opening four new stores including our new innovative foodhall…
Tag: Spinneys
Dubai grocer Spinneys freshens up with Dh815m Q1-2024 revenue
Online sales accounted for Dh110 million during the 3 months period. Even as it was preparing for the IPO, heavily backed by retail and institutional investors, Spinneys was putting the final touches…
Spinneys is latest DFM entrant to get off to strong start on opening day
By 10:30, Spinneys had racked up over 75 million in volumes traded, with the stock at Dh1.65, up by 7.19 per cent. Spinneys recorded profits of Dh254 million in 2023, continuing a…
Dubai retailer Spinneys raises retail investor tranche to 7% in IPO
The stock price range is set between Dh1.42 and Dh1.53 a share, implying a market cap of between Dh5.11 billion and Dh5.51 billion. The total size of the offer, however, remains unchanged…
Spinneys IPO opens to investors: How you can buy shares ahead of its listing
Dubai: Starting today, you can be one of the first investors to apply for the grocery retailer Spinneys’ initial public offering (IPO) in Dubai. Here’s what you need to know about buying…
Dubai retailer Spinneys sets IPO price range at Dh1.42-Dh1.53/share as demand builds up
Dubai: The UAE grocery retailer Spinneys has set the IPO price range at Dh1.42 to Dh1.53 a share as subscriptions are set to open today, based on a statement. The price range values…
Supermarket chain Spinneys to offer 70% of profit after tax as dividend
Dubai: The supermarket operator Spinneys will pay 70 per cent of its profit after tax to shareholders, the Dubai headquartered company has confirmed. Dividends will be paid in April and October, with…