Saudi retailer BinDawood profits drop 46% as pandemic hits sales

RIYADH: BinDawood Holding Co., a leading grocery retail operator in the Kingdom, suffered a 46 percent decline in net profit in 2021 citing pandemic restrictions. The group reported a SR240 million ($64 million) profit, compared to SR447 million in the same period of 2020, it said in a filing. Along with the profit drop, revenues dropped 15 percent to SR4.3 billion, down from

Related Keywords

Riyadh ,Ar Riya ,Saudi Arabia ,Ahmad Bindawood ,Bindawood Holding ,Bindawood Holding Co ,Jubail ,Al Ahsa ,Al Kharj ,Taif ,Qatif ,Soil ,Dammam ,Abha ,Asir ,Yanbu ,Islam ,Jobs ,Sports ,Khalij Times ,Gulf News ,Saudi Gazette ,Tabuk ,Mecca ,Medina ,Almadinah ,Jeddah ,Makkah ,Hail ,Eastern ,King Abdullah ,Obs In Saudi ,Work In Saudi Arabia ,Mrah ,Hajj عرب نيوز ,