BinDawood

BinDawood Holding, the Saudi Arabian retail group, has signed a binding agreement to acquire a 51% majority stake in Vaza Food Company for 217.5 million SAR ($58 million). The transaction is being executed through Future Retail for Information Technology Co, a wholly-owned subsidiary of BinDawood Holding, according to a disclosure on the Saudi Exchange (Tadawul). Vaza Food Company is a specialised business engaged in the import, export and wholesale and …