RIYADH: A unit of Saudi retailer BinDawood Holding has completed the acquisition of a 62 percent stake in e-commerce platform operator International Applications Trading Co. Future Retail for Information Technology Co., which is wholly owned by BinDawood, signed the deal with Amwaj Real Estate Co. and First Commercial Application Co. Majed Altahan will retain his role as CEO
RIYADH: Saudi retailer BinDawood Holding Co. has received approval by the General Authority for Competition to acquire a 62 percent stake in e-commerce platform International Applications Trading Co. BinDawood, through its fully-owned unit Future Tech Retail, signed the deal with Amwaj Real Estate Co. and First Commercial Application Co., according to a bourse filing. The move
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
RIYADH: A unit of Saudi retailer BinDawood has signed an initial agreement to acquire a 62 percent stake in e-commerce platform operator International Applications Trading Co. Future Tech Retail, which is fully owned by BinDawood Holding, signed the deal with Amwaj Real Estate Co. and First Commercial Application Co., a bourse filing showed on Sunday. The potential acquisition