The deal is expected to close in the second half of the year
Members of the family own a 67 per cent stake worth about $2.2bn in BinDawood Holding Co
BinDawood plans to sell 22.86 million shares through a book-building process
The sale may happen in the first half of 2021
The company operates 73 stores across the BinDawood and Danube supermarket chains