BinDawood Holding Company, a Saudi joint-stock and exporting company listed on the Saudi Stock Exchange (Tadawul) under the name 'BinDawood', manages an investment portfolio with shares traded on the main market under International Securities Identification Number (ISIN) (SA154HG210H6) and classification number (4161). Its authorized capital is SAR1,143 million. The company was established on July 17, 2011, and headquartered in Jeddah City, the company operates as an active player in the food retail sector, which falls under the primary sector of consumer staples.
According to the company's Articles of Association and the regulations issued by the regulatory and supervisory authorities in the Kingdom, BinDawood Holding Company is a non-listed investment company.
As of the latest update in July 2023, BinDawood Holding Company owns 99 percent stakes in four Saudi companies within the retail and food sector. These companies are: Danube Company for Foodstuff and Commodities, BinDawood Supermarkets Company, Danube Star Bakeries and Marketing Company, and Future Retail for Information Technology Company.
Background of BinDawood Holding Company
BinDawood Holding Company was founded with a capital of SAR50,000, divided into five hundred shares with a nominal value of SAR100 per share. On September 6, 2015, BinDawood Holding Company increased its capital to SAR1 million. In 2015, BinDawood Holding Company acquired 100 percent ownership of the capital of Danube Company for Foodstuff and Commodities, BinDawood Supermarkets Company, and Danube Star Bakeries and Marketing Company, both directly and indirectly. In 2016, the company's capital was increased to SAR530 million. Then, in 2019, the general assembly approved an increase in the company's capital to SAR1,143 million, with a nominal value of SAR10 per share.
Activity of BinDawood Holding Company
BinDawood Holding Company's primary activity involves managing its subsidiary companies. Through these subsidiaries, the company operates as a key player in the hypermarkets and supermarkets sector within the Kingdom, specializing in retailing both food and non-food items. BinDawood Holding Company conducts its main operations through its stores branded under 'BinDawood' and 'Danube'. The company's retail trade focuses on fast-moving consumer goods (FMCG). As of the latest update in July 2023, the company operates eighty-four stores strategically located across the Kingdom.
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