BinDawood Holding Company announced on December 24, 2025, the signing of a Share Purchase Agreement to acquire 51% of Wonder Bakery L.L.C in the United Arab Emirates for AED 96.9 million. The transaction, signed on December 23, 2025, will be funded through internal resources and available financing facilities, subject to regulatory approvals. Wonder Bakery, established in 2014, operates a 62,000 square feet manufacturing facility in Dubai Industrial City capable of producing 50,000 tons of bakery products annually. This strategic acquisition supports BinDawood's regional expansion beyond Saudi Arabia, enhances supply chain optimization, and aligns with Saudi Vision 2030 objectives to strengthen domestic food production capabilities.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.