Tue, 2022-07-26 08:54
RIYADH: A unit of Saudi retailer Bindaoud Holding has completed the acquisition of a 62 percent stake in e-commerce platform operator International Application Trading Company.
Future Retail for Information Technology Company, which is wholly owned by Bindaud, signed agreements with Amvaz Real Estate Company and First Commercial Application Company.
Bindaud said in an exchange filing that Majid Altahan will retain his role as CEO of IATC following the acquisition.
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