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Dubai, UAE – IBRAHIM .N. PARTNERS is proud to announce its role as UAE legal counsel in the recent initial public offering (IPO) of Spinneys, one of the premium leading supermarket operators. The IPO successfully raised Dh1.37 billion ($375.7 million), making it the second family business IPO in the UAE after the successful AL Ansari IPO.

The Spinneys IPO saw the offering of 900 million shares, representing 25% of the company’s total issued share capital. This significant transaction underscores the confidence of both regional and international investors in the UAE market and Spinneys’ robust business model and growth prospects.

Acting as UAE legal counsel, IBRAHIM .N. PARTNERS played a critical role in the preparation, execution, and completion of this landmark offering. Our involvement in this IPO highlights our firm’s expertise and leading position in the capital markets sector in the UAE, reinforcing our commitment to supporting key players in achieving their business objectives and contributing to the economic growth of the region.

This IPO not only reaffirms the strength of the UAE as a thriving hub for business and investment but also solidifies IBRAHIM .N. PARTNERS’ reputation as a trusted partner capable of navigating complex legal landscapes for high-stakes capital market transactions.

About IBRAHIM .N. PARTNERS

IBRAHIM & PARTNERS is an independent MENA-region law firm based in the ADGM, Abu Dhabi, led by our Managing Partner, Ahmed Ibrahim, and is comprised of a team of lawyers that are experts in advising on all aspects of UAE law. We advise both local and international companies on a full range of issues from contentious and non-contentious corporate and commercial matters, including major project work, establishing, and conducting business across the Emirates, joint ventures, mergers and acquisitions, equity capital market, legal due diligence/audit, employment matters, property, structuring, distributions and franchise arrangements.