BinDawood Stores
 | |
| Company type | Retailer |
|---|---|
| Industry | Hypermarket |
| Headquarters | Jeddah, Saudi Arabia |
Key people | Abdulrazzaq BinDawood Ahmad AR. BinDawood[1] |
| Products | Retail - Hypermarket |
| Owner | Bindawood Holding |
| Website | bindawood |
BinDawood Stores is a supermarket and hypermarket chain in Saudi Arabia. It is owned by BinDawood Holding.[2][3] The first BinDawood store was opened in Mecca, Saudi Arabia in 1984.[4] As of August 2020, BinDawood operates 27 hypermarkets and supermarkets in the Kingdom in major cities such as Mecca and Madinah.[5] In 2018, BinDawood superstores released the findings from an international survey conducted by Nielsen on behalf of BinDawood that was designed and developed to promote health awareness for those undertaking their Hajj pilgrimage. The survey was conducted across six of the source markets for Hajj pilgrims, Saudi Arabia, Pakistan, Egypt, Bangladesh, India and Indonesia.[6] In April 2019, the BinDawood App, a digital eCommerce platform was launched.[7]
In July 2022, BinDawood Holding Co. received approval from its shareholders to acquire an 80.5 percent stake in Ykone, a subsidiary of French TF1 Group. The acquisition would be made through its newly established French subsidiary Future Retail for Information Technology Co, and it will assist Ykone in improving the technology platform to enable the company to expand into other industries and verticals and to gain deeper access to the Middle Eastern markets.[8]
Financial Performance
[edit]For the year 2021, BinDawood Holding Co. has posted profit of SR 240 million and revenues of SR 4.3 billion.[9]
For the year 2020, BinDawood Holding Co. has posted profit of SR 447 million and revenues of SR 5.1 billion.[9]
References
[edit]- ^ "Danube & Bindawood stores offer Technosat MBC HD receivers". Arab News. 31 July 2012.
- ^ ""بن داود القابضة" السعودية تستعد لبيع 20 % من رأسمالها". الشرق الأوسط (in Arabic). Retrieved 2020-09-11.
- ^ Sayegh, Hadeel Al (2020-07-15). "Saudi Arabia's Bindawood postpones IPO to September -sources". Reuters. Retrieved 2020-09-11.
- ^ ""بن داود" تنوي إدراج أسهم الشركة في السوق المالية "تداول"". جريدة الرياض (in Arabic). Retrieved 2020-09-11.
- ^ "CMA approves BinDawood Holding's IPO". Argaam.
- ^ "BinDawood Group at the forefront of ensuring healthy Haj experience". Saudigazette. 13 August 2018.
- ^ "Bindawood Stores". www.bindawood.com. Archived from the original on 2020-05-16. Retrieved 2020-09-15.
- ^ "Saudi retailer BinDawood to acquire 80.5% stake in French TFI's subsidiary". Arab News. 2022-07-27. Retrieved 2022-07-27.
- ^ a b "Saudi retailer BinDawood profits drop 46% as pandemic hits sales". Arab News. 2022-03-30. Retrieved 2022-03-30.
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