Shareholders of Dubai-listed Spinneys have approved the payment of AED249 million ($67.80 million) as a dividend for 2025. The agreement for the payout was givenShareholders of Dubai-listed Spinneys have approved the payment of AED249 million ($67.80 million) as a dividend for 2025. The agreement for the payout was given
Spinneys pays total dividend of $68m for 2025
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Shareholders of Dubai-listed Spinneys have approved the payment of AED249 million ($67.80 million) as a dividend for 2025.
The agreement for the payout was given at the annual general meeting held on March 16, the supermarket operator said in a statement.
The company paid an interim cash dividend of AED119.5 million, or 3.32 fils per share, for the first six months of 2025 and AED129.6 million, or 3.60 fils per share, for the second half of 2025.
Last month the company said revenue increased 13 percent year on year to AED3.6 billion in 2025, driven by like-for-like sales growth of 11 percent and the opening of 13 new stores across the UAE and Saudi Arabia since October 2025. Net profit rose 15 percent annually to AED332 million.
Spinneys’ shares closed almost 4 percent higher at AED1.36 on Tuesday. The stock is down 10 percent in the year to date.
Al Seer Group owns 76.89 percent of the company.
Further reading:
- UAE supermarket supplies stable, despite panic buying
- Spinneys reports revenue growth following store openings
- Spinneys links up with Ayala to open stores in Philippines
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