Investcorp successfully lists BinDawood Holding on Tadawul

Investcorp successfully lists BinDawood Holding on Tadawul

Investcorp, a leading global provider and manager of alternative investment products, announced today the successful listing of its portfolio company BinDawood Holding (“BinDawood”), on the Saudi Stock Exchange (“Tadawul”). This marks the 3rd investment that Investcorp has exited through a public share sale over the last four years in the Kingdom of Saudi Arabia, following the public offerings of L'azurde Company for Jewelry in 2016 and Leejam Sports Company (Fitness Time) in 2018. BinDawood Holding is one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia. It has a total of 73 stores of which 51 are hypermarkets and 22 are supermarkets, operating under the BinDawood and Danube brands located nationwide across Saudi Arabia. Investcorp acquired a minority stake in BinDawood