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BinDawood Holding

BinDawood Holding Company announces signing a Non-binding Memorandum of Understanding with Regional Group Company in Qatar to grant commercial franchise rights for “BinDawood” brand in Qatar.

BinDawood Holding

BinDawood Holding Company announces signing a Non-binding Memorandum of Understanding with Regional Group Company in Qatar to grant commercial franchise rights for “BinDawood” brand in Qatar.

Element List Explanation
Introduction BinDawood Holding Company announces signing a Non-binding Memorandum of Understanding with Regional Group Company in Qatar to grant commercial franchise rights to open 8 branches under “BinDawood” brand in Qatar.
Memorandum Signing Date 2024-07-03 Corresponding to 1445-12-27
Counterparty Regional Group Company
Memorandum Subject BinDawood Holding signing a Non-binding Memorandum of Understanding with Regional Group Company to grant commercial franchise rights to open 8 branches under “BinDawood” brand in Qatar. This step is consistent with the strategic vision of BinDawood Holding Company to expand its activities through Gulf region.
Memorandum Duration 12 Months
Related Parties Not Applicable
Financial Impact Expecting Positive impact on Company’s activities after signing the final agreement.
Additional Information The latest developments in this regard will be announced at the appropriate time.

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Awards

Our Awards

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Chief Financial Officer of the Year

Salim Patka,
CFO of the Year
Saudi Trade Finance Awards

November 2019
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Most Admired Retailer

BinDawood & Danube
Forbes - Retailer Rebooted Event

September 2019
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Most Admired Store Manager of the Year

Fahad Al Shibini, Danube
Store Manager of the Year, Danube
Retail Middle East Awards

October 2019