BinDawood Holding Company announced signing a Non-binding Memorandum of Understanding with Regional Group Company to grant commercial franchise rights to open 8 branches under "BinDawood" brand in Qatar. This step is consistent with the strategic vision of BinDawood Holding Company to expand its activities through Gulf region. Memorandum Duration: 12 Months.

Financial Impac: Expecting Positive impact on Company's activities after signing the final agreement.