Saudi Arabia to get its first Spinneys store

Spinneys Dubai and Abdulmohsen Al Hokair Holding Group signed an agreement today to establish the Spinneys brand in Saudi Arabia. The partnership marks plans to open the first Spinneys store in the kingdom in the first quarter of 2023.

The Abdulmohsen Al Hokair Holding Group, which was founded in Saudi Arabia in 1975, is primarily involved in entertainment centres, hospitality and retail.

Sami Al-Hokair, the group’s managing director, said, “We are excited and optimistic about the potential of the Spinneys brand to bring a differentiated grocery retail offering to Saudi Arabia. The addition of the brand into our stable of world-class brands demonstrates our commitment to sustainable business growth, as we diversify the sectors within which we operate.”

Sunil Kumar, CEO of Spinneys Dubai, commented, “We have considered expanding into Saudi Arabia for several years. With the right structures in place, and a willing and capable partner in the Abdulmohsen Al Hokair Holding Group, we look forward to bringing the Spinneys brand to the people of Saudi Arabia.”

The initial focus will be in Riyadh, with further plans to open stores in more cities in the coming years.

The grocery retailer recently announced the acquisition of the Souk Planet stores in Abu Dhabi in the last quarter of 2021 and is looking to expand its geographical footprint within the Middle East.

Spinneys, which has 80 stores across the UAE and Oman, has partnered with local farmers through initiatives like the Spinneys Farmers’ Club, with the broader goal of assisting with the UAE’s national food security strategy. Similar initiatives can be expected in Saudi Arabia as the group establishes itself within the market.