UAE's Carter & White raises AED 40 million funding round

Carter & White, a UAE-based luxury apparel and accessories company, recently announced the raising of its first AED 40 million funding round 'Series A'.

The company revealed in a press release on this occasion that it aspires to list on the regional and global capital markets in 2027.
The company stated that it will invest the value of the latest funding round to gain a new segment in the retail market in the UAE, Saudi Arabia, the rest of the GCC and Europe, as the company aspires to open its first store in Al Faisaliah Center in the heart of Riyadh, Saudi Arabia, during the fourth quarter of this year, followed by the opening of stores in Kuwait, Doha, Jeddah and the rest of the Gulf countries.
The company stated that it will open the first summer store on the Italian island of Porto Gervo, from June 1 to September 30 of this year.
Abdulla bin Saeed Al Naboodah, Chairman of Carter & White, said: "We are proud of the company's achievements and are keen to continue its growth and expansion both in the GCC and in global destinations.
The Board of Directors of the UAE company Carter & White includes Mr. Abdullah bin Saeed Al Naboodah, Chairman of the Board of Directors, and the membership of Mr. Hamad bin Jassim Al-Darwish, Mr. Fairouz Kapadia, Mr. Majid Al-Ghaslan, and Mr. Marwan bin Yousef Al-Serkal.
Carter & White currently operates 9 stores, 7 of which are in the Emirate of Dubai, and two stores in the Emirate of Abu Dhabi, Dubai: Mirdif City Centre, Al Khawaneej Walk, Dubai Harbour, Bluewaters, DIFC and Galleria Lafayette. and Abu Dhabi, at The Galleria Al Maryah Island, Marina Mall Abu Dhabi.
Carter & White is the first Emirati company specialized in luxury fashion and accessories, as it aspires to expand regionally and globally by opening a chain of stores in important regional and global capitals.
Carter & White has achieved significant achievements through its participation in local, regional and international exhibitions, the opening of a range of stores and direct sales.
The company plans to list in the regional and global markets in 2027.