Saudi Arabian grocery retailer BinDawood Holding (BDH) has acquired a 51 percent stake in Wonder Bakery, a UAE-based food company, for AED97 million ($23 millionSaudi Arabian grocery retailer BinDawood Holding (BDH) has acquired a 51 percent stake in Wonder Bakery, a UAE-based food company, for AED97 million ($23 million

BinDawood acquires 51% stake in Wonder Bakery

2025/12/24 17:34
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Saudi Arabian grocery retailer BinDawood Holding (BDH) has acquired a 51 percent stake in Wonder Bakery, a UAE-based food company, for AED97 million ($23 million) to tap into the fast-growing bakery market.

The transaction will be funded by internal resources, according to a statement on the Tadawul exchange, where BDH’s shares trade.

Wonder Bakery, which was established in 2014, specialises in fresh and frozen products for the hospitality sector. It has a 62,000-square-feet facility in Dubai, producing up to 50,000 tonnes of bakery and kitchen products annually.

BDH also aims to establish and operate a manufacturing facility in Saudi Arabia, enabling the transfer of technical and operational know-how to the local market.

Wonder Bakery serves the GCC market and plans to expand globally soon, the statement said, without naming any target countries.

Further reading:

  • Saudi Arabia among world’s most competitive delivery markets
  • Saudi ecommerce boom spurs race to build logistics network
  • UAE shoppers ready to spend, but retail outlook remains tough

Earlier this month, BDH announced the acquisition of 51 percent of Toy Triangle Company, a Saudi-based toy distribution business.

BinDawood shares were trading flat at SAR4.66 on Wednesday, having lost more than a quarter of their value since January 1.

The BinDawood family owns BDH, which has 80 hypermarkets and supermarkets in Saudi Arabia.

Market Opportunity
TAP Protocol Logo
TAP Protocol Price(TAP)
$0.0825
$0.0825$0.0825
-18.95%
USD
TAP Protocol (TAP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

xAI Launches Grok 4 Fast: A Leap in Cost-Efficient AI

xAI Launches Grok 4 Fast: A Leap in Cost-Efficient AI

The post xAI Launches Grok 4 Fast: A Leap in Cost-Efficient AI appeared on BitcoinEthereumNews.com. James Ding Sep 19, 2025 21:46 xAI introduces Grok 4 Fast, advancing cost-efficient reasoning models with superior token efficiency and performance, offering a unified architecture for enterprise and consumer applications. Introduction to Grok 4 Fast xAI has unveiled Grok 4 Fast, a groundbreaking advancement in cost-efficient reasoning models. Building on the successes of Grok 4, this new model offers exceptional token efficiency, making high-quality reasoning more accessible to developers and users across various domains. Grok 4 Fast integrates state-of-the-art cost-efficiency with advanced web and X search capabilities, featuring a 2M token context window and a unified architecture for both reasoning and non-reasoning modes. Performance and Efficiency According to xAI, Grok 4 Fast surpasses its predecessor, Grok 3 Mini, in reasoning benchmarks, achieving similar performance to Grok 4 while reducing token usage by 40%. This efficiency results in a 98% reduction in the cost to achieve the same performance on frontier benchmarks. The model’s enhanced intelligence density is verified by an independent review from Artificial Analysis, showcasing a superior price-to-intelligence ratio. Advanced Capabilities Grok 4 Fast is engineered with large-scale reinforcement learning, optimizing its tool-use capabilities. The model excels in deciding when to utilize tools like code execution or web browsing, boasting advanced agentic search capabilities. It can seamlessly browse the web, accessing real-time data and synthesizing information at high speeds, setting a new standard for cost-effective intelligence across general domains. Benchmark Success The model’s prowess is evident in LMArena’s Search Arena, where Grok 4 Fast, under the code name ‘menlo’, secured the top position with an Elo score of 1163, outperforming its nearest competitor by a significant margin. In the Text Arena, Grok 4 Fast ranks eighth, demonstrating its superior intelligence density compared to larger models. Unified Architecture Grok 4 Fast introduces…
Share
BitcoinEthereumNews2025/09/21 01:37
Bitcoin $123K Prediction as Poland Launches First Bitcoin ETF, Bitcoin Hyper Nears $17M, and More…

Bitcoin $123K Prediction as Poland Launches First Bitcoin ETF, Bitcoin Hyper Nears $17M, and More…

The post Bitcoin $123K Prediction as Poland Launches First Bitcoin ETF, Bitcoin Hyper Nears $17M, and More… appeared on BitcoinEthereumNews.com. Live Bitcoin Hyper Updates Today: Bitcoin $123K Prediction as Poland Launches First Bitcoin ETF, Bitcoin Hyper Nears $17M, and More… Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she’s not deep into a crypto rabbit hole, she’s probably island-hopping (with the Galapagos and Hainan being her go-to’s). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/bitcoin-hyper-live-news-september-19-2025/
Share
BitcoinEthereumNews2025/09/19 21:20
WLD Price Prediction: Worldcoin Eyes $0.42 Recovery Amid Technical Consolidation

WLD Price Prediction: Worldcoin Eyes $0.42 Recovery Amid Technical Consolidation

Worldcoin (WLD) trades at $0.39 with neutral RSI at 46, targeting $0.42 resistance. Technical indicators suggest consolidation before potential breakout. (Read
Share
BlockChain News2026/03/07 20:35