BinDawood Holding<\/a> intends to open two more Danube Express stores at the Haramian High Speed Railway stations at King Abdullah Economic City and Madinah.<\/p>\n\u201cThe Haramain railway is expected to carry over 60 million passengers annually, and we are thrilled to reach more customers across the kingdom and introduce them to the Danube experience through the new \u2018Express\u2019 model,\u201d Mr BinDawood added.<\/p>\n
After the market\u2019s closing bell yesterday, BinDawood Holding\u2019s share price rose by 1.29 per cent from SAR85.6 to SAR86.7.<\/p>\n
The grocery retailer was named Saudi Arabia\u2019s fastest-growing retail brand in 2021 in Brand Finance Saudi Arabia 50 2022 ranking.<\/p>\n
BinDawood Holding reported a 40 per cent growth in brand value from 2020 to 2021, totalling SAR476 million.<\/p>\n
In the second half of last year, the retailer saw sales increase to reach pre-pandemic numbers.<\/p>\n
Stores in Makkah and Madinah saw a fivefold year-on-year improvement in sales with gradually increased footfall from pilgrims.<\/p>\n
BinDawood Holding\u2019s gross profit in the third quarter of last year was SAR397.3 million, an 11 per cent increase from SAR356.3 in the same quarter of the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"
BinDawood Holding introduces first express store concept of grocery brand Danube to railway stations at Jeddah and Makkah. <\/p>\n","protected":false},"author":39,"featured_media":18067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1323,1],"tags":[4248,4249,2683],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18069"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=18069"}],"version-history":[{"count":3,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18069\/revisions"}],"predecessor-version":[{"id":18079,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18069\/revisions\/18079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18067"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=18069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=18069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=18069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}