Invest in Spinneys UAE Public Offering through the Mbank UAE app

From a single location in Bur Dubai in 1961, Spinneys has grown to operate a network of 75 premium grocery stores across the UAE and Oman.

Subscriptions are open from 23rd April until 29th April 2024 through the Mbank UAE app.

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    Receiving Bank

    We are a receiving bank that facilitates IPO investments for UAE residents.

    Fast and Easy

    Open an account in under five minutes, fund the account, and instantly invest in the IPO.

    Fully Digital Process

    Account creation and subscription to IPOs are all done digitally.

    UAE IPOs

    Specifically focusing on the opportunities for company listings in the UAE.

    Minimal Entry Threshold

    Participation is open to everyone, regardless of investment size – Minimum subscription depends on the IPO prospectus.

    IPO Financing

    Leverage up to five times can be provided on a case-by-case basis.

    Receiving Bank

    We are a receiving bank that facilitates IPO investments for UAE residents.

    UAE IPOs

    Specifically focusing on the opportunities for company listings in the UAE.

    Fully Digital Process

    Account creation and subscription to IPOs are all done digitally.

    Fast and Easy

    Open an account in under five minutes, fund the account, and instantly buy shares.

    Minimal Entry Threshold

    Participation is open to everyone, regardless of investment size – Minimum subscription depends on the IPO prospectus.

    IPO Financing

    Leverage up to five times can be provided on a case-by-case basis.

    How to Participate in the UAE IPOs:

    Listed below are all the important things you need to know about investing in a UAE IPO through Mbank UAE App. Fully digital. No physical visits to a branch. No paper documents.

    Open an Account

    Open an Account with Al Maryah Community Bank. If you don’t have one, you can open an account using our mobile app (Mbank UAE) on your phone in less than five minutes using UAE PASS

    Deposit Funds in Your Account

    Deposit or transfer your funds to your Mbank account

    Create a National Investor Number (NIN)

    if you do not have a NIN number, you can create a National Investor Number (NIN) through the Mbank UAE app. You can also create one by downloading SAHMI app for ADX or Dubai Financial Market (DFM) app for DFM

    Submit a Request to Purchase the IPO Shares as shown below

    Submit a Request to Purchase the initial public offering Shares as shown below. Once you have a National Investor Number (NIN), use the Mbank UAE app to apply for initial public offering shares

    Request leverage while applying

    Submit a leverage request on the app and increase your subscription amount up to 5 times

    Secured Digital Banking

    Highlights

    One of the leading fresh-focused food retailers in the UAE.

    Operating in a sizeable market with growing, resilient long-term demand for premium fresh food.

    Well-positioned for regional expansion in Saudi Arabia, the GCC’s largest economy, with four Spinneys stores targeted to open in the Kingdom in 2024

    Strong value proposition built on a differentiated offering, quality, convenience and strong brand recognition.

    Experienced and focused team, with 22% of the workforce having been with the group for 10 years or more.

    Well-invested, vertically integrated, global sourcing network, and two centralized production facilities in the UAE.

    Strong revenue growth driven by increasing demand for premium fresh food.

    Future revenue growth underpinned by expansion of store network, diversification of offering, operational and supply chain efficiencies, fixed cost controls, in-house production capability and operating leverage.

    Led by a well tenured, experienced leadership team with an ownership mindset and a focus on sustainability.

    For the first time in UAE, the fastest, most secured paperless banking services

    General Terms and Conditions

    The Terms and Conditions for each IPO subscription may vary from offering to offering. However, kindly ensure to read the prospectus of the offering to get full understanding, including the following factors:

    Offering Price

    Details of the share prices and what are the minimum investment value and incremental investment details.

    Allotment

    Details of how the allotment will happen in addition to the confirmation mode.

    Valid Information

    Ensuring that the correct information is provided and that you have read the investment risks and other important information in the prospectus.

    Payment and Refund Terms

    Understand the Payment and Refund Terms.

    Risks

    It is important to comprehend the overall risks associated with investing in an IPO, including market risk and where the value of shares can be affected by broader market conditions. Additionally, be aware of the lack of historical performance data for newly listed companies, as they may have limited financial track records as public entities, posing challenges for investors in assessing historical financials and predicting future performance.

    A Unique Opportunity in the UAE

    Be one of the first to participate digitally in IPOs in the UAE. Download the Mbank UAE app today!

    Disclaimer: This announcement has not been reviewed or approved by the SCA, or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the shares should be based solely on the information in the Prospectus.

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