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18-08-21
Saudi grocery retailer BinDawood to expand throughout Kingdom
(MENAFN) Financial news outlet Argaam quoted CEO Ahmad A.R. BinDawood as saying that Saudi grocery retailer BinDawood is planning to expand throughout the Kingdom after recording its highest profit margin ever.
BinDawood further declared that the company’s profit margin increased to 34.4 percent — the highest rate ever accomplished by the company.
In addition, he released plans to inaugurate five new stores for the “Danube” brand in the second half of 2021 to support the company’s readiness for 2022, in which it estimates above-average revenue increase and large net profit development.
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