#Spinneys

Spinneys to build mega facility in Food Tech Valley

Spinneys to build mega facility in Food Tech Valley

Under the 27-year agreement, Spinneys will establish a massive 500,000 square foot processing facility within Food Tech Valley

Spinneys H1 net profit rises 15.2%, to pay out interim dividend of Dhs102.6m

Spinneys H1 net profit rises 15.2%, Dhs102.6m in interim dividend approved

The company’s gross profit rose by 12.3 per cent year-on-year to Dhs659m, with a gross profit margin of 41.3 per cent, up 90 basis points from the previous year

DFM

DFM announces 74% rise in pre-tax profit

The total trading value on the DFM rose by 4 per cent, to Dhs48bn, in the first half of 2024

bartawi

Spinneys expands regional footprint with new store in Riyadh

The supermarket chain plans to expand its presence in Saudi Arabia, with up to 12 new stores scheduled to open in the kingdom by 2028

Supermarket chain Spinneys posts Dhs75m in Q1 profit

Supermarket chain Spinneys posts Dhs75m in Q1 profit

The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024

Spinneys’ $375m IPO draws orders worth $19bn

Supermarket chain Spinneys’ $375m IPO draws orders worth $19bn

The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)

Spinneys - IPO - DFM

Spinneys increases retail share offering for upcoming IPO

The supermarket chain aims to raise up to Dhs1.38bn($375m) from its IPO

spinneys IPO to see 900 million shares listed image courtesy spinneys

Spinneys sets IPO price range, to make DFM debut on May 9

The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30

Zest Pharmacy retail outlet

Aster Pharmacy, Spinneys launch Zest Pharmacy in Abu Dhabi

The pharmaceutical concept will provide a wide range of products including skincare, nutrition, cosmetics and mother and childcare

Spinneys Aster JV

Spinneys, Aster Pharmacy JV to launch supermarket wellness concept

The first Spinneys store to introduce the concept will be announced soon with a rollout to follow across the UAE

spinneys introduces meal deals

Spinneys launches value-for-money ‘meal deals’ for customers

The supermarket’s latest offering caters to individual food preferences, including vegan and gluten-free dietary requirements

electric

World Environment Day: Scaling a circular economy

We look at some companies in the UAE that have championed a circular economy, while promoting sustainability and conscious consumerism

plastic bags

Single-use plastic ban in Abu Dhabi begins: Everything you need to know

Major retailers in the UAE such as Carrefour, Spinneys and Lulu are geared up to implement this by providing sustainable and eco-friendly alternatives

Spinneys food for life

Spinneys joins ‘Food for Life’ initiative that aims to halve food waste by 2030

Spinneys customers are being encouraged to repurpose leftovers via easy tips and tricks to make their household food go further and last longer

Spinneys, PepsiCo partner to promote recycling in the UAE

The partnership will see Spinneys introduce a reverse vending machine at its sustainable concept store to encourage customers to recycle plastic waste

Spinneys introduces incubator for micro F&B suppliers in UAE

Via the incubator programme, micro F&B businesses will be given the opportunity to list their product at Spinneys for a year with no start-up fees