AnnouncementDetails

Actions

BinDawood Holding Board approves establishing a subsidiary specialized in providing solutions and technical projects that will help in capitalizing on investment opportunities

Element ListExplanation
Announcement Detail BinDawood Holding Company announces its Board of Directors’ approval, through resolution dated 13 January 2022G, to establish a 100% owned subsidiary (limited liability Co.) to have its head office in Jeddah with a capital of SAR 5 million. The Subsidiary will be specialized in providing solutions and technical projects that will help in capitalizing on investment opportunities through establishing new companies and acquiring existing entities to achieve BinDawood Holding Company’s long-term goals and strategy. This will be done after obtaining the necessary approvals and licenses from the relevant authorities. Furthermore, any developments in this regard will be announced in due course.

For further details of the call including dial-ins please check the attachment or contact Investor Relations at: investors@bindawood.com

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
90.8 0.0 (0.0%)
Value Traded (SAR) Volume Traded
48,574.9 535