Spinneys 1961 Holding PLC (United Arab Emirates)

The principal activity of the Company and its subsidiaries is as an operator of premium grocery retail supermarkets operator of supermarkets under the “Spinneys”, “Waitrose” and “Al Fair” brands.
The Company s Vision
The Group's vision is not to be the biggest retailer, but to be the best retailer in the Key Markets, operating via two key brands, Spinneys and Waitrose, each with a tailored strategy and proposition (see “—Principal Operations”).

The Company sMission
The mission of the Group is to nourish and inspire its communities to live better lives, day by day,to Nourish – strong link to food, holistic – nourishing body, mind and soul;
• and Inspire – inspirations from our colleagues' journeys and focus on health, wellbeing, as well as indulgence;
its Communities – its personal for it to treat its consumers with personalised service. it strives to be a pillar throughout its communities – the Spinneys' family, its suppliers and its communities of consumers;
• to Live Better Lives – healthier, happier, more meaningful, tastier, more sustainable;
• Day by Day – ongoing, consistency and resilience
The Group has strong heritage in the UAE and the Spinneys brand is long-standing in the region. An overview of the principal events in connection with the history and growth of the Group's business is set out below.
1924 – Spinneys was established by Arthur Rawdon Spinney in Alexandria, Egypt.
1961 – The Group started operating under the Spinneys brand in Dubai.
1971 – The Group began operating a warehouse facility on Zabeel road.
1995 – Spinneys opened a new head office on Mankhool Road and new warehousing facilities in Al Quoz, with a space of 13,000 sq.ft.
1999 – Mr. Al Bwardy acquires full control of the Group.
2003 – Expansion into Oman with the incorporation of Al Fair LLC, of which the Selling Shareholder was a 50 shareholder.
2006 – Acquisitions of JHF UK and formation of JHF USA Exports, INC (“JHF USA”).
2008 – Agreements signed for use of the Waitrose brand and the Selling Shareholder acquires the remaining stake in Al Fair LLC.
2009 – The Spinneys Dubai 92 Cycle Challenge was born (see “—ESG Initiatives—Inspired People, Stronger Together”).
2011 – Spinneys Meat Production Unit opened in Jebel Ali.
2013 – Spinneys Central Bakery Unit opened in Dubai Investment Park and JHF Australia was acquired.
2015 – The Spinneys Kezad warehouse commenced operations in Abu Dhabi.
2019 – Spinneys Meydan, the first concept store opened, as well as a new headquarters for the Group's corporate office.
2020 – Spinneys.com and Waitrose.ae online shopping and home delivery services are launched amidst the COVID-19 pandemic.
2021 – Spinneys celebrates its 60th anniversary and first Spinneys Cafe opened in Meydan.
2022 – Partnership formed with Al Hokair.
2023 – Incorporation of the Company, signing of two The Kitchen, by Spinneys store and two stores in the KSA.
The Company is a subsidiary of Al Seer Group (L.L.C.) (the “Parent”) which is registered in the Emirate of Dubai as a limited liability company. The Parent is a subsidiary of Albwardy Investment (L.L.C.) (the “Ultimate Parent Company”), a limited liability company registered in the Emirate of Dubai, United Arab Emirates. The Ultimate Parent Company is majority owned and controlled by Mr. Ali Saeed Juma Albwardy (the “Owner”).
The Company was established in November 21 ,2023 as a private company under the Companies Law, DIFC Law No. 5 of 2018.
The company will be listed in may 9 ,2024 on the Dubai financial market.