Saudi grocery company breaks with family firm secrecy to open up in IPO
Saudi grocery company breaks with family firm secrecy to open up in IPO After details emerged of undisclosed loans Ahmad BinDawood revealed everything 12 April 2021 - 08:00 Matthew Martin and Devon Pendleton Picture: 123RF/SERGEY BUZUEVSKIY 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 $3.1bn fortune built over the decades by his father and uncles. As the October public offering of BinDawood Holding got under way, d...
Source: businesslive.co.za