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Ben Dawood acquires majority stake in Wondra Bakery
BinDawood Holding Company announced the completion of the acquisition of a 51% stake in Wonder Bakery, valued at approximately 117.54 Saudi Riyals. The goal is to enhance vertical integration and improve operational efficiency in the food sector. The acquisition aims to gain control over supply chains and distribution, increase operational stability, and support local food security within the framework of Saudi Arabia's Vision 2030. It is expected that this acquisition will contribute to the long-term financial performance of the company.
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