Spence plans to expand its presence in Saudi Arabia by opening 6 new stores

According to CEO Sunil Kumar, the UAE Company “Spence” plans to expand its presence in Saudi Arabia by opening 6 new stores, including two stores during this year and 4 stores in 2026. expand by opening a shop in Jeddah, explaining that these six stores are as part of a plan to add 12 new stores in Saudi Arabia and the UAE. The company listed in the Dubai Financial Market achieved profits of more than 85 million dirhams in the first quarter, an annual increase, according to the company’s statement. Kumar attributes the net profit to the distribution of electronic sale, increased sales of fresh produce and the addition of 3 stores during this term.