BinDawood acquires majority stake in Vaza Food

Retail conglomerate BinDawood Holding acquired a 51% stake in Vaza Food Company for SAR 217.9 mn, according to a Tadawul disclosure. The retail company plans to expand into premium confectionery and specialty foods, using Vaza’s manufacturing expertise to improve its products and supply chain. Both companies also see the partnership as a way to grow their presence online and in e-commerce.

The retail giant has been ramping up its expansion plans: The firm planned to open four new stores in the Kingdom in 2H 2025, along with 500 smaller-front stores nationwide over the next seven years. It also acquired Zahrat Al Rawdah, a majority stake in the toy distributor Toy Triangle, and a 51% stake in Dubai-based Wonder Bakery for AED 96.9 mn (SAR 99 mn).

Maison Safqa will scale luxury flash sales

Saudi flash-sale platform Maison Safqa raised USD 620k in a pre-seed round backed by 500 Global (via the Sanabil MENA 500 Accelerator Fund), alongside regional and international angels — including the founder of European flash-seller Ventes Exclusives, according to a press release seen by EnterpriseAM. The company plans to double its brand portfolio to 100, roll out offline sales events in Riyadh and Jeddah, and scale up sales.

About Safqa: Founded in 2024 by Lea Mehaweg, Estelle Nasr, and Georgia Mehaweg, Maison Safqa runs a platform that helps premium and luxury brands offload excess inventory while retaining control over pricing and brand positioning, through both open and invitation-only flash sales.

Al Rajhi Capital secures fresh financing to fund acquisitions

Al Rajhi Capital has secured SAR 2.5 bn in facility agreements to refinance debt and fund future acquisitions, it said in a disclosure to Tadawul. Al Rajhi Bank has committed SAR 1.75 bn, and Saudi Awwal contributed the remaining amount.

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