Spinneys 1961 Holding PLC
Spinneys 1961 Holding PLC (SPINNEYS) is a Consumer Staples company listed on the DFM stock exchange in the United Arab Emirates.
<p>Spinneys 1961 Holding PLC (previously known as Spinneys 1961 Holding Limited prior to its re-registration to a public company limited by shares) (the “<strong>Company</strong>”) was incorporated on 21 November 2023 as a private limited company pursuant to DIFC Law No. 5 of 2018 (the “<strong>DIFC Companies Law</strong>”) and was re-registered to a public company limited by shares on 29 March 2024.</p><p>The principal activity of the Company and its subsidiaries (the “<strong>Group</strong>”) is as an operator of premium grocery retail supermarkets operator of supermarkets under the “<strong>Spinneys</strong>”, “<strong>Waitrose</strong>” and “<strong>Al Fair</strong>” brands in the UAE and Oman and, following the planned opening of the Group’s first store in the first six months of 2024, in the KSA (the KSA, together with the UAE, the Group’s “<strong>Key Markets</strong>”). The Group is one of the leading premium grocery retailers in the UAE, its home market, with the Spinneys brand ranking third by net promoter score. (source: Nielsen).</p><p><strong>Vision and Purpose </strong></p><p><strong><em>Vision</em></strong></p><p>The Group’s vision is not to be the biggest retailer, but to be the best retailer in its Key Markets, operating via two key brands, Spinneys and Waitrose, each with a tailored strategy and proposition.</p><p><strong><em> Purpose </em></strong></p><p>The purpose of the Group is “To nourish and inspire our communities to live better lives, day by day”:</p><p>· <strong>To Nourish</strong> – strong link to food, holistic – nourishing body, mind and soul;</p><p>· <strong>and Inspire</strong> – inspiration from our colleagues’ journeys and focus on health, wellbeing, as well as indulgence;</p><p>· <strong>our Communities</strong> – its personal for us, we treat our consumers with personalised service. We strive to be a pillar throughout our communities – the Spinneys’ family, our suppliers and our communities of consumers;</p><p>· <strong>to Live Better Lives</strong> – healthier, happier, more meaningful, tastier, more sustainable;</p><p>· <strong>Day by Day</strong> – ongoing, consistency and resilience.</p><p> </p>
Current stock price: AED 1.57 (-0.63% today). Market capitalization: AED 5,648.86. P/E ratio: 4.3.
Financial performance (2026): Revenue AED 3,520.1, Net Income AED 329.61.
Dividends: Annual yield 3.90%, Annual dividend AED 0.061 per share. Consecutive years of dividends: 2.
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