«بن داود القابضة» تعلن استحواذها على 51% من «مثلث الألعاب»، إحدى شركات توزيع الألعاب الرائدة في السعودية

Bin Dawood Holding Company (Tadawul: 4161) is pleased to announce the completion of its acquisition of 51% of the shares of Triangle Games, a leading company in the distribution of toys with over 30 years of experience in Saudi Arabia and the Gulf Cooperation Council countries.

This acquisition aligns with Bin Dawood Holding Company's strategic direction to diversify and expand its distribution and retail sectors and enhance the presence of its products by increasing product diversity and integrating the Triangle Games portfolio within the distribution sector through Al Jumeirah Company to benefit from operational efficiency and achieve operational savings. Through this acquisition, Bin Dawood Holding Company aims to:

• Offer a diverse range of toys, enhance cultural awareness among children, and improve their cognitive and educational abilities.

• Strengthen the retail infrastructure owned by Bin Dawood Holding Company to provide widespread access to Triangle Games products throughout the Kingdom.

• Leverage the shared resources of existing supply chains and strengths in the distribution sector through Al Jumeirah Trading Company, a wholly-owned subsidiary of Bin Dawood Holding Company, to expand the presence of Triangle Games products in the market, seamlessly integrate operations, enhance supply chain efficiency, and achieve cost efficiency.

Strategic Direction

This investment is part of Bin Dawood Holding Company's strategic direction towards supporting the development of products that provide an integrated entertainment and educational environment for children by offering interactive entertainment experiences that contribute to the development of mental and motor skills and enhance quality of life. This direction focuses on providing innovative and effective alternatives to electronic games by offering stimulating physical toys that promote interaction and physical activity, contributing to providing educational and entertainment solutions that encourage interaction and communication.

Strategic Step

Dr. Abdulrazak Bin Dawood, Chairman of Bin Dawood Holding Company, commented: “This acquisition represents a pivotal strategic step in our journey towards achieving sustainable growth and enhancing our leadership position in the Saudi market. This acquisition embodies our commitment to implementing our expansion plans in the retail and distribution sectors and is part of our vision aimed at diversifying our business portfolio and expanding our activities in line with our customers' aspirations, supporting our plan to be one of the largest distribution companies in the Kingdom. Integrating Triangle Games products into our commercial ecosystem, supported by our distribution network of over 100 stores, enhances our operational capabilities and strengthens our supply chains, allowing us to provide a more integrated and diverse shopping experience. With this step, we solidify our position so that Triangle Games will become the largest toy distribution company in the Kingdom, in complete harmony with our strategic plans aimed at measured expansion, improving our operational efficiency, and enhancing our competitive position in the retail and distribution sectors.”

A New Chapter

Sabri Al-Kathiri, CEO of Triangle Games, commented: “Joining forces with Bin Dawood Holding Company represents an exciting new chapter for Triangle Games. With Bin Dawood Holding Company's extensive retail expansion and distribution capabilities, we will be able to broaden our presence across the Kingdom of Saudi Arabia and continue our mission of bringing joy and imagination to children's adventures throughout the Kingdom.”

As part of this acquisition, Bin Dawood Holding Company and Triangle Games are committed to ensuring a smooth transition for both employees and operations.

Bin Dawood Holding Company (Tadawul Code: 4161) is a leader in retail sales, including a distribution network that supports its supply chain. The company employs IT solutions in its core operations and strategically acquires companies to enhance its market position, leveraging its investments to support long-term sustainable growth. Based on its vision for sustainable growth, Bin Dawood Holding continues to develop the retail sales sector through continuous innovation and its steadfast commitment to achieving excellence in its operations through the following brands:

Bin Dawood: One of the oldest leading retail brands in Saudi Arabia, focusing on delivering exceptional value for money and providing outstanding customer service, making it the premier shopping destination for shoppers.

Danube: Classified as a premium retail brand, Danube has become synonymous with quality and luxury, offering a wide range of organic and specialty products, catering to discerning customers seeking exceptional offerings.

Bin Dawood Dash and Danube Dash: Bin Dawood and Danube markets are leading players in the convenience store business, operating stores in the Haramain High-Speed Train stations. These stores feature carefully selected high-quality imported products, providing greater convenience for shoppers while shopping.

Icon: An international agency providing marketing services through influencers, based in Paris, offering comprehensive solutions regarding strategies, talent management, content production, and supervision, focusing on luxury brands worldwide, with a presence in Europe, Asia, the United States, and the Middle East and North Africa.

International Applications Limited: The company develops and operates the e-commerce channels for Danube Markets and Bin Dawood Markets, working to expand its network of closed stores in the Kingdom. The company aims not only to achieve 100% instant delivery for its sales but also to enhance the customer experience. Additionally, it provides digital support services for Bin Dawood Markets and Danube Markets and oversees the implementation of customer loyalty programs, equipping Bin Dawood Markets and Danube Markets with the necessary tools to make data-driven decisions and engage customers.

Al Jumeirah Trading Company: The company operates in wholesale and retail sales and distribution, managing its operations through four divisions: travel bags, food, children's toys, and home appliances, holding distribution rights for each of them for internationally renowned brands.

Al Rawda Flower Pharmacies Limited: Al Rawda Flower Pharmacies operates in the retail pharmacy sector with its headquarters in Riyadh, Saudi Arabia. The pharmacy chain focuses on providing healthcare products and services to customers, including prescription medications, over-the-counter drugs, medical supplies, healthcare products, and personal care items. Currently, Al Rawda Flower Pharmacies operates 176 pharmacies across the Kingdom of Saudi Arabia.

It is also noted that Triangle Games has over 30 years of experience in developing and distributing children's toys, with an experienced workforce and a logistics service network, enjoying a distinguished position in the Gulf Cooperation Council countries.

Triangle Games is committed to innovation in the products it offers, adhering to safety requirements, and enhancing educational means through entertainment, providing products to assist parents in caring for children with special needs, focusing on physical toys that help alleviate the effects of autism in children, and ensuring integrity in all its actions.

Triangle Games is a primary supplier for all retail toy stores and e-commerce sites in the Kingdom of Saudi Arabia and the Gulf Cooperation Council countries.