Arabian Contracting Services Company (Al Arabia) has completed the establishment of its 100 percent owned subsidiary, dubbed Arabian Bird Trading Company (Sindebaad), to sell products online.
The subsidiary has a capital standing at SAR 50,000 and will offer multi-vendor business-to-consumer (B2C) products of fashion, cosmetics, perfumes, and home appliances, according to a bourse disclosure on Sunday.
Sindebaad will be headquartered in Riyadh, the Kingdom’s capital.
Al Arabia will announce any material impact regarding setting up the new subsidiary once developed.