The Clap
Extra (4003) has reached a strategic understanding with Panda to manage the electronics and home appliances department in “Panda Markets”.
What
Extra explained that this understanding between the two companies aims to build strategic cooperation in the medium and long term by utilizing its experience in pioneering the electronics and home appliances retail sector and making use of Panda’s customer base and regional spread in KSA.
So What
This understanding is expected to help provide the best shopping experience for the customers of the two companies in all regions of KSA while enhancing its strategy to reach the largest segment of customers in various Saudi regions.
Now What
Savola Group (2050) owns a 98.87% stake in Panda.
