Shares of BinDawood Holding close at all-time low

Logo of BinDawood Holding Co.

Shares of BinDawood Holding Co. dropped almost 10% to close today, Nov. 8, at a lifetime low of SAR 56.

Around 1.2 million shares were traded, the highest trading volume since June 2021.

The stock reached today its lowest level of SAR 55.80.

The company reported a net loss after Zakat and tax of SAR 48 million for Q3 2022 against a net profit of SAR 70.24 million in Q3 2021.

Established on July 17, 2011, BinDawood Holding is a Saudi joint stock company headquartered in Makkah. It is capitalized at SAR 1.143 billion, divided into 114.3 million shares. The company has not changed its capital since listing on Tadawul.

The firm carries out its main activities via stores, under the “BinDawood” and “Danube” brands, which include fast-moving consumer goods, fresh foodstuff products and non-food products. It also owns and operates bakeries in most of its stores.

The following table shows the key financial indicators: