Top 100 Arab
Family Businesses

37. BinDawood Group

Country: Saudi Arabia
Sector: Retail
Establishment: 1984
Chairman : Abdulrazzaq BinDawood

The BinDawood Group is the family office of the BinDawood family. The family is the founder and majority shareholder of BinDawood Holding, which has 80 hypermarkets and supermarkets in Saudi Arabia. Its two main retail chains are BinDawood and Danube, which together employ over 10,000 people. The group recorded revenues of $1.2 billion for 2021. In March 2022, Future Technology Retail (FTR), a wholly-owned subsidiary of the group, signed an agreement to acquire 62% of the International Applications Trading Company, with an immediate payment of $28.7 million and an additional payment in FY 2023. In July 2022, FTR acquired an 80.5% stake in the Ykone marketing agency.