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Saudi retailer BinDawood's shares decline after profits fall 74% to $16m

RIYADH: BinDawood Holding Co.'s net profits declined 74 percent to SR60 million ($16 million) during the first nine months of 2022 from SR227 million in the same period last year. The company attributed the weak figures to lower gross profit and higher operating expenses combined. In response to the retailerโ€™s poor performance, its shares declined 7.10 percent to SR57.6 at
Saudi Arabia Ar Riya Khalid Bindawood Bindawood Holding Co Bindawood Holding Al Ahsa

BinDawood Holding opens first store in Bahrain

BinDawood Holding Co., one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom, recently celebrated the opening of the first international Danube hypermarket in the Kingdom of Bahrain at Al-Liwan Project in Hamala in the Northern Governorate. The store marks the first international store opening for BinDawood Holding under its Danube brand,
Saudi Arabia Khalid Bindawood Bindawood Holding Bindawood Holding Co Al Liwan Project Al Ahsa

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