Cenomi Retail welcomes Al-Futtaim as a strategic shareholder, unlocking a new phase of growth
Summary
Al-Futtaim acquired a 49.95% stake in Cenomi Retail for SAR 2.52 billion. The deal includes a SAR 1.35 billion shareholder loan facility that can support Cenomi Retail’s balance sheet and expansion plans. Cenomi Retail says the partnership will accelerate digital transformation, improve operations, and expand market reach across Saudi Arabia. The companies frame the transaction as a long-term strategic move aligned with Saudi Vision 2030 and future retail growth.
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