Under the 27-year agreement, Spinneys will establish a massive 500,000 square foot processing facility within Food Tech Valley
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
The total trading value on the DFM rose by 4 per cent, to Dhs48bn, in the first half of 2024
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
The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024
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)
The supermarket chain aims to raise up to Dhs1.38bn($375m) from its IPO
The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30
The pharmaceutical concept will provide a wide range of products including skincare, nutrition, cosmetics and mother and childcare
The first Spinneys store to introduce the concept will be announced soon with a rollout to follow across the UAE
The supermarket’s latest offering caters to individual food preferences, including vegan and gluten-free dietary requirements
We look at some companies in the UAE that have championed a circular economy, while promoting sustainability and conscious consumerism
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 customers are being encouraged to repurpose leftovers via easy tips and tricks to make their household food go further and last longer
The partnership will see Spinneys introduce a reverse vending machine at its sustainable concept store to encourage customers to recycle plastic waste
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