Spinneys 1961 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’ $375 Million Dubai IPO Draws Orders Worth $19 Billion
High-end supermarket chain Spinneys received about 71 billion dirhams ($19.3 billion) in orders for its $375 million Dubai initial public offering, underscoring strong appetite for a rare private …
Dubai Spinneys sets IPO offer price at top of range as it sees record levels of demand
Dubai supermarket chain operator Spinneys, said the final offer price for its IPO at 1.53 dirhams ($0.42) per share, at the top end of the previously announced offer price range, potentially raising …
Spinneys 1961 Holding plc successfully completes IPO bookbuild
The completion of the Offering and Admission is currently expected to take place on Thursday 9 May 2024, under the ticker symbol “SPINNEYS” and ISIN “AEE01377S248”, subject to market conditions and …
UAE’s largest bank hits Dh4.2 billion net profit in Q1; revenue reaches Dh8 billion
First Abu Dhabi Bank (FAB), the UAE’s largest bank, reported a net profit of Dh4.2 billion for the first quarter of 2024, up 6 per cent …
J.P. Morgan Private Bank releases inaugural report on global family offices
Survey data reveals top objectives, investment preferences and management trends for ultra-high-net-worth families …
VIDEO: UAE’s Apparel Group founder Sima Ved talks growth, IPO plans
The Apparel Group, one of the largest lifestyle and fashion retail companies in the UAE, is eyeing robust growth in the GCC with plans to expand its store offerings, according to its Chairwoman and …
UAE’s biggest bank FAB’s Q1 net profit up 6%; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q1 2024 net profit of 4.2 billion dirhams ($1.14 billion), 6% higher year-on-year (YoY) on strong revenue growth. The net profit topped …
UAE Fund Transfer System processed transactions worth $816.89bln in Jan-Feb 2024
ABU DHABI: The gross value of interbank fund transfers through UAE Fund Transfer System (UAEFTS) rose to more than AED3 trillion during January and February, 2024, according to the latest statistics …
UAE banks’ investments surpass AED650 bn mark
UAE banks’ investments exceeded the AED650 billion mark by the end of February 2024, reaching its highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Emirates Institute Of Finance Launches Future Tech Leaders Program For UAE Nationals
Emirates Institute of Finance Launches Future Tech Leaders Program for UAE Nationals Dubai – 30 April 2024: …
Spinneys IPO to price at top of its range
Spinneys’ IPO consists of 900m shares, equivalent to 25% of the company, sold by Al Seer Group, a vehicle for the Al Bwardy family. At the top of the price range, the IPO will raise Dh1.37bn. No new …
UAE banks’ investments surpass AED650 billion mark to reach their highest level in history
UAE banks’ investments exceeded the AED650 billion mark by the end of February 2024, reaching its highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Ruler’s Firm Refinances $8.2 Billion to Tap Property Boom
Dubai Holding refinanced a 30 billion dirham ($8.2 billion) loan to replace older facilities at the two state-backed developers it absorbed last month, better positioning itself to capitalize on a …
UAE central bank’s foreign assets up Dhs203bn in February 2024
The UAE central bank attributed increase in foreign asset volume to the rise in current account balances and deposits with banks abroad.
Dubai real estate buyer’s guide: All costs, extra fees for new homeonwers revealed
As the Dubai real estate market continues to witness staggering investor interest, here is all you need to know about the extra costs and fees associated with buying a home in the city …
Spinneys IPO: Retailer increases retail offering on higher demand
Spinneys, the operator of premium supermarkets in the UAE and Oman, has increased the number of shares allocated to retail investors in its initial public offering, with the company expected to raise …