Company Insights BinDawood Holding Retail BinDawood Holding Overview BinDawood Holding is a retail conglomerate based in Saudi Arabia. BinDawood operates under the brands of BinDawood, Danube, BinDawood Dash, Danube Dash, Ykone and IACo, an ecommerce applications company. BinDawood says it is one of Saudi Arabia’s “most popular” grocery retail brands. It has 24 hypermarkets and supermarkets across Saudi Arabia. The company says it has a strong presence in and around Mecca, where it opened the first store in 1984. BinDawood took over Danube in 2001 and now has outlets in 47 locations under the brand. In 2019 BinDawood launched BinDawood online, a digital e-commerce platform. Then in 2022 BinDawood Holding Co received approval from its shareholders to acquire an 80.5 percent stake in Ykone, a subsidiary of French TF1 Group. BinDawood Holding News Video length: 04:53 Analysis Retail Rise in retail M&A predicted as Gulf stores struggle An increase in mergers and acquisitions in the GCC’s retail sector has been predicted for this year, as operators try to cope with an increasingly uncertain economic environment. Six retail M&A deals have taken place since the beginning of 2023, all involving intra-regional players. Thirteen retail M&A deals were concluded in 2022, of which five […] September 30, 2024 Retail BinDawood to invest $390m in delivery hubs Saudi grocery retailer BinDawood Holding has announced plans to invest SAR1.5 billion ($390 million) in robotics and delivery hubs. CEO Ahmad BinDawood confirmed that the investment, with partners, would be made in the company’s automated “dark stores” and the infrastructure needed to run them. The stores, typically hubs for online shopping orders, will range from […] September 16, 2024 Leisure & Hospitality BinDawood profit more than doubles on higher revenue Saudi grocery retailer BinDawood Holding more than doubled its profit in 2023, on higher revenue and gross profit margin. Earnings for the 12-month period reached SAR275 million ($73 million) compared with SAR125 million the previous year. Revenue rose 14.4 percent year on year to SAR5.6 billion amid high sales from BinDawood and Danube stores, as […] March 11, 2024 Retail BinDawood plans expansion after profit rise Grocery retailer BinDawood Holding is opening up to six new stores in Saudi Arabia this year following increases in revenue and profit. The company operates a total of 84 hypermarkets and supermarkets across the kingdom. It is also planning to expand its e-commerce capacity including one “mega dark store”. Dark stores are large retail facilities […] August 14, 2023 Retail Coffee maker loses $33m lawsuit against Saudi retailer Jeddah Commercial Court has rejected a SAR124 million ($33 million) compensation claim by coffee-machine maker Arab Dalla against the Danube supermarket chain. Danube’s owner BinDawood Holding Co said in a filing to the Saudi Stock Exchange that claims by Arab Dalla that it had violated a patent were rejected. A SAR300,000 claim for legal fees […] June 14, 2023 Posts navigation
Video length: 04:53 Analysis Retail Rise in retail M&A predicted as Gulf stores struggle An increase in mergers and acquisitions in the GCC’s retail sector has been predicted for this year, as operators try to cope with an increasingly uncertain economic environment. Six retail M&A deals have taken place since the beginning of 2023, all involving intra-regional players. Thirteen retail M&A deals were concluded in 2022, of which five […] September 30, 2024
Retail BinDawood to invest $390m in delivery hubs Saudi grocery retailer BinDawood Holding has announced plans to invest SAR1.5 billion ($390 million) in robotics and delivery hubs. CEO Ahmad BinDawood confirmed that the investment, with partners, would be made in the company’s automated “dark stores” and the infrastructure needed to run them. The stores, typically hubs for online shopping orders, will range from […] September 16, 2024
Leisure & Hospitality BinDawood profit more than doubles on higher revenue Saudi grocery retailer BinDawood Holding more than doubled its profit in 2023, on higher revenue and gross profit margin. Earnings for the 12-month period reached SAR275 million ($73 million) compared with SAR125 million the previous year. Revenue rose 14.4 percent year on year to SAR5.6 billion amid high sales from BinDawood and Danube stores, as […] March 11, 2024
Retail BinDawood plans expansion after profit rise Grocery retailer BinDawood Holding is opening up to six new stores in Saudi Arabia this year following increases in revenue and profit. The company operates a total of 84 hypermarkets and supermarkets across the kingdom. It is also planning to expand its e-commerce capacity including one “mega dark store”. Dark stores are large retail facilities […] August 14, 2023
Retail Coffee maker loses $33m lawsuit against Saudi retailer Jeddah Commercial Court has rejected a SAR124 million ($33 million) compensation claim by coffee-machine maker Arab Dalla against the Danube supermarket chain. Danube’s owner BinDawood Holding Co said in a filing to the Saudi Stock Exchange that claims by Arab Dalla that it had violated a patent were rejected. A SAR300,000 claim for legal fees […] June 14, 2023
