BinDawood Holding Company *
Top 100 Companies in the Middle East 2021

SR.No: 72

BinDawood Holding Company

Sector: Retail

Date of Establishment: 2011
Country: Saudi Arabia
CEO: Ahmad Abdulrazzaq BinDawood

Sales: $1.4 billion

Profits: $119 million

Assets: $1.3 billion

Market Value: $3.4 billion

BinDawood Holding Company operates through two retail arms: BinDawood Stores and Danube Stores. It operates across 74 hypermarkets and supermarkets in Saudi Arabia and employs over 10,000 people. It plans to open its first international store in Bahrain in 2021. The company was founded by the BinDawood family, who are also majority shareholders of the company. In 2020, BinDawood Holding went public on the Saudi Stock Exchange, raising $585 million with a market value of $2.9 billion. It was the second major listing to take place in Saudi Arabia following the outbreak of COVID-19.