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FINANCIAL NEWS
Spinneys to open stores in Saudi, Kuwait
10 Apr 2013
(MENAFN) Spinneys CEO, Richard Wright, announced that the Beirut-based retailer will launch a number of grocery stores in both Saudi Arabia and Kuwait over the coming decade, reported Arabian Business.
Wright said that Spinneys eyes 10 stores in different Saudi cities, including Jeddah and Riyadh.
The CEO added that in 2013, Spinneys’ inked a memorandum of understanding with a partner in Kuwait to launch their first store in the emirate, which should come on-line in 2014.
He added that the high-end chain, which has a network of stores across Lebanon, Egypt, Jordan and Qatar, is also expanding its presence in existing markets.
It is worth noting that in 2012, the privately held retailer’s revenue jumped by over 20 percent.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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