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Spinneys successfully completes first phase of US$180 million fundraising
programme
Spinneys Group Limited, the premier supermarket retailer in the Middle East, announced
today that it has successfully completed the first phase of a US$180 million fundraising
programme, which will serve primarily to fund Spinneys’ aggressive expansion
across the Middle East, North Africa and South Asia (MENASA) region.
Spinneys has signed an US$80 million four-year loan agreement with National Bank
of Dubai (NBD). This will be followed shortly by the launch of a US$100 million
preference share issue, for which NBD Investment Bank will serve as the sole placement
agent.
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| Commercial Manager | Spinneys Egypt
Managing the trading department, achieving sales targets, achieving gross margin targets and achieving other income targets.Position Details | Apply | | Business Development Manager | Levant / North Africa
Reporting to the Head of Business Development, the successful candidate will be tasked with sourcing new hypermarket and supermarket sites across North Africa and Levant complete with an evaluation of local market and regional trends, full due diligence of prospective sites to ensure a proper demographics for the brand and positive IRR is achievable for the investors. Position Details | Apply | | Operations Manager | Spinneys Kazakhstan
Managing the full operations of hypermarket, delivering a consistently high quality shopping experience and motivating the operations staff to exceed expectations. Position Details | Apply |
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