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Saudi retail major BinDawood s unit acquires majority stake in IATC for $29m

RIYADH: Future Tech Retail, a unit of BinDawood Holding, has acquired a 62-percent stake in e-commerce platform operator International Applications Trading Co. for SR108 million ($29 million). A fully owned subsidiary of Saudi retailer BinDawood, Future Tech signed the deal with Amwaj Real Estate Co. and First Commercial Application Co., to acquire the stake, a bourse filing

MainStreet Bancshares President Charles Brockett to Retire

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