{"id":89763,"date":"2024-09-18T00:00:00","date_gmt":"2024-09-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/"},"modified":"2024-09-18T00:00:00","modified_gmt":"2024-09-18T00:00:00","slug":"bindawood-earmarks-sar-1-5-bn-for-expansion-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/","title":{"rendered":"BinDawood earmarks SAR 1.5 bn for expansion plans"},"content":{"rendered":"

BinDawood Holding and unnamed strategic partners are planning to invest <\/strong>SAR 1.5 bn for expansion plans<\/strong>, including boosting its e-commerce infrastructure, strengthening supply chains, and integrating robots in store operations, CEO Ahmad BinDawood told Argaam<\/a> on the sidelines of the EFG Hermes conference in London. The planned upgrades come in a bid to increase efficiency and profitability, BinDawood said. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The details:<\/strong> The firm is set to roll out new e-commerce stores spanning 30k-50k sqm to several cities across the country, backed by smaller 2k-3k sqm distribution hubs across Saudi Arabia. The company is currently focused on expanding its presence locally, with future plans to venture into Gulf markets through acquisitions and franchising agreements. <\/p>\n

What we don\u2019t know<\/strong>: BinDawood did not provide a further breakdown of the company\u2019s expansion strategy and the timelines involved.<\/p>\n

BinDawood is on an expansion spree:<\/strong> The company closed a SAR 186.5 mn acquisition of<\/a><\/a>Jumeirah Trading<\/a> last month, and now holds 100% of the wholesaler as it looks to expand its distribution reach, reduce supply chain risk, and improve margins through vertical integration. BinDawood also inked a non-binding MoU with Qatar-based Regional Group Company in July to provide commercial franchise rights for the opening of eight branches<\/a> under the BinDawood brand in Qatar.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company is looking to roll out robots at its stores<\/p>\n","protected":false},"author":1,"featured_media":89764,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[2979,349,10,31,211],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-bindawood-holding","tag-e-commerce","tag-enterpriseam-ksa","tag-investment-watch","tag-retail","wpautop","entry"],"acf":{"mongo_id":"8ab23a27-0553-4f02-85ed-86588cc97968","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/30.jpg","photo_position":"above","homepage_title":"","full_issue_title":"BinDawood earmarks SAR 1.5 bn for expansion plans","related_issue":[89752],"teaser":"The company is looking to roll out robots at its stores","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.e727710a-2b95-442c-a0ce-0a7ce7725ca3.mp3"},"yoast_head":"\nBinDawood earmarks SAR 1.5 bn for expansion plans - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BinDawood earmarks SAR 1.5 bn for expansion plans\" \/>\n<meta property=\"og:description\" content=\"The company is looking to roll out robots at its stores\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BinDawood earmarks SAR 1.5 bn for expansion plans\",\"datePublished\":\"2024-09-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1\",\"keywords\":[\"BinDawood Holding\",\"e-commerce\",\"EnterpriseAM KSA\",\"INVESTMENT WATCH\",\"Retail\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/\",\"name\":\"BinDawood earmarks SAR 1.5 bn for expansion plans - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-09-18T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BinDawood earmarks SAR 1.5 bn for expansion plans\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BinDawood earmarks SAR 1.5 bn for expansion plans - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/","og_locale":"en_US","og_type":"article","og_title":"BinDawood earmarks SAR 1.5 bn for expansion plans","og_description":"The company is looking to roll out robots at its stores","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/","og_site_name":"KSA","article_published_time":"2024-09-18T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"BinDawood earmarks SAR 1.5 bn for expansion plans","datePublished":"2024-09-18T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/"},"wordCount":236,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1","keywords":["BinDawood Holding","e-commerce","EnterpriseAM KSA","INVESTMENT WATCH","Retail"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/","name":"BinDawood earmarks SAR 1.5 bn for expansion plans - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1","datePublished":"2024-09-18T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/18\/bindawood-earmarks-sar-1-5-bn-for-expansion-plans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"BinDawood earmarks SAR 1.5 bn for expansion plans"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/30.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=89763"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89763\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/89752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/89764"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=89763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=89763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=89763"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=89763"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=89763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}