BinDawood Holding subsidiary Danube opens new store in Jeddah

25/10/2021 Argaam

Logo of BinDawood Holding Co.

BinDawood Holding Co.’s subsidiary, Danube for Foodstuffs and Commodities (Danube), opened its 49th branch in Saudi Arabia, according to a bourse filing.

 

The new store will be located in Corniche Commercial Center, Al Balad, Jeddah, and will span 1,500 square meters (sqm).

 

The new Danube store is forecast to boost the company’s sales and profitability and will reflect positively on the company’s shareholders. The relevant financial impact will appear on Q4 2021 results.

 

With the latest addition of Danube in Jeddah, the total BinDawood Holding store count reached 76 across the Kingdom.

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