BinDawood may buy rival grocery chain to expand into neighboring countries: CEO

13/04/2021 Argaam

Ahmad BinDawood, CEO of BinDawood Holding

BinDawood Holding Co.’s next step may be the purchase of a rival grocery chain to expand into neighboring countries, Bloomberg reported, citing CEO Ahmad BinDawood.

 

“The IPO had two main angles to it -- sustainability and continuity of the business first, and second the diversification for the family,” BinDawood added.

 

The company began trading in the Saudi market in October 2020, Argaam earlier reported.

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