Bindawood : Riyadh to get ten BinDawood superstores over five years

article author: Arab NewsAuthor: Mon, 2021-05-10 09:10DUBAI: BinDawood Superstores said it would open ten new branches in Riyadh as the retailer expands its footprint in the Kingdom.The company, a unit of BinDawood Holding, said in a stock exchange statement that it would open the branches over five years from 2022 to 2027.BinDawood Holding on Monday said first-quarter profit fell by more than half to SR62.1 million ($16.5 million) compared to a year earlier.Revenues declined by a fifth to SR1.12 billion because of "non-recurring pantry buying" at the start of the pandemic when consumers stocked up on purchases.Main category: Business & EconomyTags: RiyadhBinDawoodSaudi ArabiaMalls