Earnings Report /
Saudi Arabia

BinDawood Holding: Strong results on higher margins

  • Revenues declined 27.4% yoy to SAR1.12bn and was lower than our estimates of SAR1.22bn

  • BinDawood maintained the store count of 74 (51 hypermarkets, 23 supermarkets) by the end of Q2 21

  • Opex declined by 3.1% yoy to SAR282mn and was lower than our estimates of SAR298mn

SNB Capital
15 August 2021
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