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Dubai grocery retailer sets share price at Dh1.53 Dubai: As expected, the Dubai retailer Spinneys has set its IPO price at Dh1.53 a share, the high end of its Dh1.42-Dh1.53 range. This will result in offer proceeds of Dh1.38 billion and a market cap

Spinneys is the latest Dubai IPO generating significant retail investor traction Dubai: the size of the retail investor offering in the ongoing Spinneys’ IPO process has been raised to 7 per cent from 5 per cent. This means these investors will get access to

Supermarket firm records Dh2.9b in 2023 sales – and EBITDA margins of a substantial 20% Dubai: The supermarket operator Spinneys will pay 70 per cent of its profit after tax to shareholders, the Dubai headquartered company has confirmed. Dividends will be paid in April

When interest rate cuts happen, do not expect Western, emerging markets to go in the same way As the era of zero and negative interest rates finally ended last week, much of the commentary remained fixated on the idea of rate cuts looming on