Dubai’s Al-Futtaim to Buy Stake in Saudi Retail Group Cenomi

Dubai’s Al-Futtaim to buy stake in Saudi retail group Cenomi

Transaction under partial share purchase agreement is valued at $666 million

UAE's Al-Futtaim to acquire 49.95 pct. of Saudi's Cenomi Retail

Al Futtaim Retail to Buy $666 Million Stake in Cenomi Retail

Al Futtaim Retail has agreed to buy a major stake in Saudi Arabian firm Cenomi Retail for 2.5 billion riyals ($666 million).

Cenomi Retail founders sell stake to Al-Futtaim

Cenomi to sell to Al-Futtaim Deal worth $667m Stock is up 150% this year The founding shareholders of Saudi franchiser Cenomi Retail have agreed to sell their 49.95 percent stake in the company to UAE-based Al-Futtaim in a private transaction. Cenomi’s shareholders include Fawaz Abdulaziz Alhokair, Abdul Majeed Abdulaziz Alhokair, Salman Abdulaziz Alhokair, Saudi FAS Holding Company and FAS Real Estate Company. The transaction is valued at more …

Cenomi Retail announces the signing of a share purchase agreement between its founding shareholders and Al-Futtaim

For the sale of 49.95% stake to Al-Futtaim

UAE's Al-Futtaim to acquire 49.95% of Saudi's Cenomi Retail