Saudi Arabia’s BinDawood Holding has agreed to acquire a 51% stake in the UAE-based Wonder Bakery for Dh96.9 million ($26M), marking a further step in its regional expansion strategy.
The company said the deal will be financed through internal resources and existing credit facilities. As part of the acquisition, BinDawood plans to establish a manufacturing facility in Saudi Arabia, facilitating the transfer of technical and operational expertise.
Founded in 2014, Wonder Bakery is a Dubai-based industrial bakery producing fresh and frozen goods for the hospitality, aviation and retail sectors, with operations across GCC markets including Qatar, Bahrain and Kuwait.
The transaction remains subject to regulatory approvals.
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