ZAWYA-NEWS: Saudi’s BinDawood to acquire 51% stake in UAE’s Wonder Bakery
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Saudi Arabia’s BinDawood Holding Company has signed a share purchase agreement to acquire 51% of UAE’s Wonder Bakery for 96.9 million dirhams ($26 million). The acquisition will be funded by internal resources and financing facilities, aiming to expand BinDawood's regional footprint and establish a manufacturing facility in Saudi Arabia. Wonder Bakery, established in 2014, specializes in fresh and frozen bakery products for the hospitality, aviation, and retail sectors in the GCC markets. The transaction is subject to regulatory approvals.
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