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Grocery News

BinDawood Holding’s Q1 net profit drops 20 per cent

May 23, 2023
Saudi retail operator of hypermarkets and supermarkets BinDawood Holding has reported a 20 per cent year-on-year drop in Q1 2023 net profit to 52 million riyals ($13.8 million) due to…
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Grocery Market Snapshots News

BinDawood Holding releases nine-month financial results

November 9, 2022
BinDawood Holding company, one of the leading grocery retail operators of hypermarkets and supermarkets in Saudi Arabia has reported its nine-month financial results for the year. Third-quarter net loss was…
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e-commerce Grocery News

BinDawood buys shares of influencer marketing agency    

July 28, 2022
BinDawood, Saudi Arabian supermarket retailer, has purchased an 80.5 per cent stake in Ykone, French influencer agency, for an undisclosed amount. The acquisition aligns with BinDawood’s efforts to strengthen its…
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Grocery News

BinDawood Holding acquires 62 per cent of IATC

March 28, 2022
BinDawood Holding has signed an agreement to purchase a 62 per cent market share in e-commerce partner International Applications Trading Company (IATC) as it seeks to capitalise on the higher…
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Grocery News

BinDawood reports 40 per cent brand value growth   

March 10, 2022
BinDawood was named Saudi Arabia’s fastest-growing retail brand in 2021 in Brand Finance Saudi Arabia 50 2022 ranking.    The grocery retailer reported a 40 per cent growth in brand value…
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