BinDawood is shaking up business as usual in Saudi Arabia | Business and Economy News – TodayHeadline todayheadline.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from todayheadline.co Daily Mail and Mail on Sunday newspapers.
Read more about Billionaire Saudi Arabia family breaks the mould on kingdom s secrecy on Business Standard. BinDawood family s share sale to drive diversification push
For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.
As the October public offering of BinDawood Holding Co. got underway, details emerged of some $76 million in previously undisclosed loans made by the Saudi company to family members. In a departure from the traditional secrecy associated with the kingdom’s family firms, Jeddah-based BinDawood revealed everything, put the IPO on hold and gave buyers the chance to take their money back.
Billionaire Saudi Family Breaks Mold on Kingdom’s Secrecy
Bloomberg 2 days ago
(Bloomberg)
For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.
As the October public offering of BinDawood Holding Co. got underway, details emerged of some $76 million in previously undisclosed loans made by the Saudi company to family members. In a departure from the traditional secrecy associated with the kingdom’s family firms, Jeddah-based BinDawood revealed everything, put the IPO on hold and gave buyers the chance to take their money back.
F. Gregory Gause III, department head and professor of international affairs and John H. Lindsey ’44 Chair at Texas A&M University’s Bush School of Government and Public Service, leads a conversation on America’s role in the Middle East.
FASKIANOS: Welcome to the CFR Winter/Spring 2021 Academic Webinar Series. I m Irina Faskianos, vice president of the National Program and Outreach at CFR. Today s meeting is on the record and the video and transcript will be available on our website, CFR.org/academic, if you would like to share it with your colleagues or classmates. As always, CFR takes no institutional positions on matters of policy. We re delighted to have F. Gregory Gause, III, with us today to discuss America s role in the Middle East. We have shared his bio with you, but I will give you a few highlights. Dr. Gause is the John H. Lindsey 44 chair, professor of international affairs, and head of the International Affairs Department at Texas A&M University s Bush School of