Numbers —
At a Glance
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104
Total BinDawood and Danube stores YTD, including one store in Qatar opened post FY 2025 in February 2026 under a franchise agreement
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6.35 bn
Revenue in 2025 (SAR)
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No. 1
Operator in Makkah and Madinah
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14
'Express' format stores – Under the 'BinDawood Dash' and 'Danube Dash' brands, showcasing premium quality, carefully curated goods for busy shoppers and travellers
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2
Unique online grocery platforms – Danube Online and the BinDawood App
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+ 140,000
Stock Keeping Units
Chairman's Statement
Dr. Abdulrazzag BinDawood
A changing pattern of economic and social factors influenced the focus and results of BDH in 2025. Despite macroeconomic volatility and a tough trading environment, the naturally defensive and resilient nature of the grocery sector supported our stable performance during the year. In terms of the forces which we do control, we made good progress. We successfully expanded BDH's physical and digital footprint across KSA, whilst maintaining our clear focus on organic growth aligned with Vision 2030's priorities, particularly within tourism-related sectors.
CEO's Operating Review
Ahmad A. R. BinDawood
In 2025, BinDawood Holding continued the aggressive execution of the Company's strategic plan, strengthening its leadership position in Saudi Arabia's retail sector through strategic store openings, selective M&A at attractive valuations, and investments in digital and operational capabilities. Our growth brought momentum not only in scale but also in quality, with a view to ensuring long-term resilience across market cycles. The strategic expansion we started in 2022 has continued to evolve the Company from its original roots in retail towards a broader-based commercial conglomerate.
Key Reasons to Invest
We continue to witness a profound change in the socio-economic dynamics in the Kingdom of Saudi Arabia as a result of sweeping liberating reforms that seek to transform the manner and the speed at which business is done in the country. Consequently, we see a plethora of fresh opportunities emerging – some borne by technology, others through social evolution and yet more by rapidly unfolding economic growth in our home markets.
Customer satisfaction remains the cornerstone of our strategy. Our loyalty programme has deepened engagement with over 11 million customers, giving us valuable insights into consumer behaviour. By mining this valuable data through the effective use of technology, we are able to make more informed customer-centric business decisions and offer tailored experiences. This, combined with the success of our seasonal campaigns, our strategic acquisition in the pharmacy sector and the rollout of our new convenience store formats, has enabled us to expand our market penetration and strengthen our position as a key player in grocery retail.
Our focus remains on operational excellence, customer satisfaction and strategic growth, as demonstrated by the key acquisitions we have made during 2023 and 2025. We now operate in four vital segments of the regional economy: Retail, Distribution, Technology and Manufacturing. This deliberate diversification ensures that BinDawood Holding is increasingly well-positioned to thrive in a dynamic and competitive market full of opportunities. As a business, we feel we are exceptionally well placed to leverage these opportunities – here are the key reasons why.
Strategy & Business Model
At BinDawood Holding, our strategic vision is rooted in a deep commitment to evolution and excellence, as we continue to push the boundaries of the industries in which we operate. With innovation, diversification and an unwavering focus on customer satisfaction, we aim to remain at the forefront of our four sectors of choice: retail, distribution, technology and manufacturing. Our mission is to ensure long-term value creation for our stakeholders.
Our strategic approach is built on four key pillars: agility, customer-centricity, operational excellence, and technological advancement. We are dedicated to evolving alongside emerging trends, responding to market needs and seizing new opportunities for growth.
Our Brands and Acquisitions
BinDawood Holding
BinDawood Holding is a retail conglomerate which integrates information technology solutions into its core operations and strategically acquires companies to enhance its market position, leveraging these investments to fuel sustained long-term growth. As at year-end 2025, the Company has business interests in retail, distribution, technology and manufacturing.
BinDawood Supermarkets
BinDawood Superstores is one of Saudi Arabia's most popular grocery superstore retail brands, with 31 easy-to-access hypermarkets, supermarkets and express stores across the country. An iconic brand in the Kingdom, the customer experience at BinDawood stores is focused on excellent value for money and outstanding customer service.
Danube Supermarkets
The Danube brand is one of the most esteemed high-end grocery retail brands in Saudi Arabia, synonymous with the highest quality product offering and fresh produce, including the widest range of organic and speciality products in the Kingdom. Since joining BinDawood Holding in 2001, Danube has experienced remarkable growth, expanding to 72 stores across Saudi Arabia.
Zahrat Al Rawdah Pharmacies
At the beginning of 2025, the legal formalities were completed for the acquisition by BDH of Zahrat Al Rawdah Pharmacies. Headquartered in Riyadh, and with 204 pharmacies located across key regions of the Kingdom, including 27 integrated within BinDawood and Danube stores, Zahrat holds a strong position in the Saudi retail pharmaceutical market.
Jumairah Trading Company
In Q3 2023, BinDawood Holding acquired Jumairah Trading Company in Saudi Arabia, a business engaged in wholesale, retail and distribution. It conducts its operations through four divisions – luggage, food, toys and households – in each of which it holds the distribution rights for internationally acclaimed brands.
Toy Triangle
In October 2025, BinDawood Holding successfully completed the acquisition of Toy Triangle, a leading toy developer and distributor with over 30 years of experience in the GCC market. Its portfolio includes well-known toy brands such as Lego, Teamsterz, Little Tikes, and Frozen.
Ykone
In 2022, BinDawood Holding acquired a majority stake in Ykone, a profitable international influencer marketing agency headquartered in Paris, with a proprietary technology offering focused on retail, travel, beauty, fashion and luxury brands. In 2025, Ykone further expanded through the strategic acquisitions of Mirror Mirror and The Digital Prototype.
International Applications Company
Following the successful acquisition in 2022 of International Applications Company ("IACO"), the developer and operator of BinDawood Holding's Danube and BinDawood e-commerce channels, the Company is focused on increasing its online sales as a percentage of total revenue. In 2025, the Company piloted its first fully automated B2B mega dark store in Bahrah, Jeddah.
Wonder Bakery
In 2025, the Company acquired a majority stake in Wonder Bakery, a leading industrial bakery headquartered in Dubai, UAE. Established in 2014, Wonder Bakery employs over 200 individuals and operates a full-solution manufacturing facility producing a diverse range of fresh and frozen bakery products. Consolidation is expected from H1 2026.
