BinDawood approves establishing subsidiary specialized in providing solutions, technical projects

BinDawood Holding Company announced on Thursday its Board of Directors’ approval, through resolution dated 13 January 2022, 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.