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Cenomi Retail had been shedding brands as part of a turnaround bid. Al-Futtaim is now offering a lifeline — and an SAR 1.3 bn shareholder loan
Author Archives: enterpriseam admin
Posted inTRANSPORT
RCRC awards contract for USD 900 mn Riyadh Metro Line 2 extension project to ANM consortium
The extension will add 8.4 km and five new stations to Line 2
Posted inENERGY
Acwa plots Saudi-Europe clean energy corridor
Multiple agreements and MoUs inked with European partners for a green hydrogen and renewables export corridor.
Posted inDEBT WATCH
SMEs need more flexible financial structures to thrive -Sukna
Traditional banks are designed to meet the needs of large corporates
Posted inECONOMY
NIDLP sectors add SAR 986 bn to GDP in 2024
Non-oil exports climbed 13.2% y-o-y to SAR 514 bn in 2024
Posted inEARNINGS WATCH
Aldrees’ net income up 21% y-o-y in 2Q
The company’s top line grew 35% y-o-y to SAR 6.2 bn
Posted inALSO ON OUR RADAR
Hilton is building 50 hotels in the Kingdom
ALSO: Education Ministry + Tuwaiq Academy to establish five tech schools across the Kingdom
Posted inPLANET FINANCE
Hedge fund inflows rise to decade-high in 2Q
Hedge funds delivered a 4.3% average return in 2Q 2025