BinDawood Holding: A name with a rich Saudi heritage


December 13, 2023 | By RetailME Bureau

Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 years of which have been in grocery retail. The company has grown from a small trading business to one of the leading retailers in Saudi Arabia. Its success story has been driven by constant innovation and commitment to building long-term relationships with suppliers, partners and customers.

In 1984 the company, then operating as ‘BinDawood Superstores Company’, opened its first branch in Makkah under the ‘BinDawood’ brand. The company stands tall on its years of heritage by bringing to the front more than 140K SKUs across all its locations. Apart from that what sets the company apart from the rest is the comprehensive range of imported brands including handpicked imported goods procured from dedicated offices in Europe and China.

Currently, under the leadership of Chairman, Dr. Abdulrazzag BinDawood and Chief Executive Officer, Ahmad AR. BinDawood the company boasts a network of stores in more than 12 cities across KSA. With its portfolio including BinDawood Supermarkets, Danube Supermarkets, Ykone and International Applications Company it is a leading name in the Western region of the Kingdom, predominantly in two Holy Cities of KSA.

Over the decades, the company has achieved many milestones, some of which are as follows:

  • In 2016, Investcorp acquired a minority stake in BinDawood Holding. In 2017 and 2019, the company launched an app and e-commerce platform.
  • In 2022, BinDawood Holding acquired Ykone, an international influencer agency having presence in major cities across the globe and IAC, which owned BinDawood and Danube online platforms. The company is looking forward to potential acquisitions in the MENA region, for which talks are currently in advanced stages.
  • Danube embarked on its international journey by launching a store in Manama, Bahrain in 2022.
  • Looking ahead towards 2024, the company is getting ready to launch the first-ever mega dark store in KSA and aims to open six-seven new stores.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Sunil Kumar and Ali Saeed Juma Albwardy, Spinneys

One of UAE’s leading fresh food retailers, Spinneys has announced its intention 

Continue Reading

April 19, 2024 | By RetailME Bureau
Laura Manning, Managing Director & Founder, BRW Society

Launched in 2019 by Laura Manning, UAE-based homegrown brand BRW Society completes 

Continue Reading

April 5, 2024 | By Rupkatha B
Rajiv Warrier, Chief Executive Officer, Choithrams

Since the launch of its first store in the UAE five decades 

Continue Reading

March 20, 2024 | By RetailME Bureau
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC

Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds 

Continue Reading

February 29, 2024 | By Rupkatha B
Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail

In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the 

Continue Reading

February 26, 2024 | By RetailME Bureau
Prashant Parameswaran, Managing Director and Chief Executive Officer of Tata Consumer Soulfull

Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals 

Continue Reading

February 22, 2024 | By Rupkatha B
Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau
Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B




Download Images RetailME Magazine