Spinneys Eyes Regional Growth After Dubai Stock Market Debut

Spinneys Eyes Regional Growth After Dubai Stock Market Debut

Arabian Post -Dubai-based high-end supermarket chain Spinneys is setting its sights on aggressive expansion in the United Arab Emirates (UAE) and Saudi Arabia following a successful listing on the Dubai Financial Market (DFM). The company’s initial public offering (IPO) in May 2024 attracted significant interest from both regional and international investors, raising over $375. 7 million. This capital injection will fuel Spinneys’ ambitious growth plans, which include opening new […]

via Spinneys Eyes Regional Growth After Dubai Stock Market DebutArabian Post -

Dubai-based high-end supermarket chain Spinneys is setting its sights on aggressive expansion in the United Arab Emirates (UAE) and Saudi Arabia following a successful listing on the Dubai Financial Market (DFM). The company’s initial public offering (IPO) in May 2024 attracted significant interest from both regional and international investors, raising over $375. 7 million. This capital injection will fuel Spinneys’ ambitious growth plans, which include opening new stores and introducing innovative retail concepts.

Spinneys sees significant potential in the UAE, its home market. The company intends to capitalize on the growing demand for premium groceries by establishing additional stores across the country. This expansion will cater to the increasing number of residents in the UAE who seek high-quality food products