BinDawood Holding
| File:BinDawood Holding logo.png | |
| Retailer | |
| ISIN | 🆔 |
| Industry | Grocery Retail Hypermarkets |
| Founded 📆 | 1984 |
| Founder 👔 | |
| Headquarters 🏙️ | Jeddah, Saudi Arabia |
Area served 🗺️ | |
Key people | Abdulrazzaq BinDawood Ahmad AR. BinDawood |
| Members | |
Number of employees | over 10,000 (2020) |
| 🌐 Website | bindawoodholding |
| 📇 Address | |
| 📞 telephone | |
BinDawood Holding (Arabic: بن داود القابضة) is a Saudi Arabian based retailer with two retail chains, BinDawood and Danube, with a grocery retail chain footprint of 73 stores in 15 cities across the kingdom.[1][2]
History[edit]
The first BinDawood store was opened in Meccaby the BinDawood family in 1984.[3] The BinDawood Family are founders of BinDawood Holding and majority shareholders.[4] Founded as a small business, it grew to 73 hypermarkets and supermarkets in Saudi Arabia across 15 cities in the Kingdom, including Mecca, Medina, Jeddah, Riyadh, Khobar and Dammam with over 10,000 employees.[2][5] In 2016, Investcorp acquired a minority stake in BinDawood Holding.[6][7] In 2019, BinDawood holding was considered as the third largest company by market share of revenue during the fiscal year ending in December of 2019 in the retail industry in Saudi Arabia.[8][9] In August 2020, BinDawood Holding announced its plan to list on the Tadawul, the kingdom’s national stock exchange.[10][11] Previously in 2019, it was announced BinDawood hired Goldman Sachs, JP Morgan Chase, NCB Capital and GIB to coordinate the IPO plans.[12][13]
Stores[edit]
BinDawood Holding manages two retail chains, BinDawood and Danube:
BinDawood: BinDawood supermarkets and hypermarkets focus on the pilgrims in the holy cities such as Mecca and Medina.[14]
Danube: Danube stores which became a part of BinDawood Holding in 2001, focuses on imported products.[15]
References[edit]
- ↑ "Saudi Arabia's Bindawood Holding to launch IPO as early as this month-sources". Reuters. 2020-06-14. Retrieved 2020-09-06.
- ↑ 2.0 2.1 Graham, Emma (2020-08-31). "Saudi retailer BinDawood to list 20% of company on the kingdom's Tadawul exchange". CNBC. Retrieved 2020-09-06.
- ↑ "Majed Al-Tahan: At the cutting edge of Saudi Arabia's e-commerce revolution". Arab News. 22 October 2017.
- ↑ "Saudi retail giant Bin Dawood's online battle with pandemic". Arab News. 25 April 2020.
- ↑ "«بن داود القابضة» السعودية تستعد لبيع 20 % من رأسمالها". Asharq Al-Awsat.
- ↑ "Investcorp says buys stake in Saudi supermarket group Bindawood Holding". Reuters. 24 January 2016.
- ↑ "Saudi Arabia's Bindawood postpones IPO to September -sources". Reuters. 15 July 2020.
- ↑ "Saudi Arabia's BinDawood grocery retailer plans to list on Tadawul". The National.
- ↑ "رسمياً.. اكتتاب بن داود القابضة يبدأ بهذا الموعد". Al Arabiya.
- ↑ "27 سبتمبر المقبل موعد اكتتاب شركة "بن داود القابضة".. و2.28 مليون سهم نصيب الأفراد". Al Eqtisadiah (in العربية). 31 August 2020.
- ↑ "Retail mogul Ahmad BinDawood grapples with coronavirus challenge". Financial Times.
- ↑ "بن داود للبيع بالتجزئة تعلن نيتها الإدراج في البورصة السعودية - الاقتصادي - العالم اليوم - البيان". Al Bayan (in العربية).
- ↑ "«بن داود» تعين جولدمان ومورجان لترتيب الإدراج". صحيفة مكة (in العربية). 28 October 2019.
- ↑ "Bahrain's Investcorp buys stake in Saudi retail firm". Arabian Business.
- ↑ "Danube Online lists nongrocery items on Noon.com". Arab News. 18 May 2020.
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