Saudi BinDawood's Q1 net profit drops 20%, misses estimate
The supermarket operator is looking at international acquisitions, says CEO
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The supermarket operator is looking at international acquisitions, says CEO
RIYADH: BinDawood Holding Co. has received approval from its shareholders and board to acquire an 80.5 percent stake in Ykone, a subsidiary of French TF1 Group. The acquisition will be made through its newly established French subsidiary Future Retail for Information Technology Co., with the option of purchasing an additional 4.9 percent, according to a bourse filing BinDawood
BinDawood Holding, a Saudi Arabian grocery chain, disclosed on Sunday that talks had begun to buy the majority of the shares of Ykone, an influencer marketing firm.
BinDawood Holding has a total of 78 stores in Saudi Arabia