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BinDawood Holding

BinDawood Holding acquires Zahrat Al Rawdah; deal value changed to SAR 441.1M

BinDawood Holding

BinDawood Holding acquires Zahrat Al Rawdah; deal value changed to SAR 441.1M

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BinDawood Holding acquires Zahrat Al Rawdah Pharmacies for amended value SAR 441.1M

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BinDawood Holding Co. completed its acquisition of 100% of Zahrat Al Rawdah Pharmacies LLC for SAR 441.1 million, the company announced in a statement to Tadawul.

The final price was reduced from the initially reported figure, according to the share purchase agreement.

All regulatory procedures, including share transfer and documentation of revised articles of association, have been finalized. Payment will be disbursed as stipulated in the agreement.

 

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The deal is expected to have a positive financial impact on BinDawood Holding and its shareholders in the long term, the company said, noting that the deal aligns with its strategic vision for expansion in the healthcare sector.

 

In November 2024, BinDawood Holding acquired Zahrat Al Rawdah Pharmacies, a chain owned by UAE-based Gulf Pharmaceutical Industries (Julphar), for SAR 444.1 million, Argaam data showed.

 

Saudi Arabia’s General Authority for Competition (GAC) issued, in January, a no-objection on the economic concentration related to the acquisition.

Awards

Our Awards

Award
Master CEO of the Year

Ahmad AR. BinDawood
CEO of the Year
Saudi Top Achiever Awards

April 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
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Chief Financial Officer of the Year

Salim Patka,
CFO of the Year
Saudi Trade Finance Awards

November 2019