BinDawood Holding gets no-objection from GAC on Jumeirah Trading buyout

08/07/2024 Argaam

BinDawood Holding gets no-objection from GAC on Jumeirah Trading buyout

BinDawood Holding Co. headquarters

BinDawood Holding Co. obtained, on July 7, the approval of the General Authority for Competition (GAC) on the buyout of Jumeirah Trading Co., according to a statement to Tadawul.

 

The company will announce the deal completion and any other fundamental developments in due course.

 

For more news and details on M&As

 

According to data available on Argaam, BinDawood Holding’s board of directors approved in May, the 100% acquisition of Jumeirah Trading at SAR 186.5 million.

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