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Mithaq Capital is the new majority owner of US retailer Children’s Place. PLUS: Tamimi markets acquires 100% of Al Raya
Alrajhi family’s investment arm acquires 54% of the US retailer
Cenomi Centers closes SAR 5.25 bn borrowing package to fuel growth
One of the facilities is sustainability-linked, a first of its kind in the Kingdom’s real estate, leisure, and lifestyle sectors
Chinese e-commerce giant Alibaba says it’s looking at Saudi opportunities
Plus: Food retailers may have to create, implement food waste reduction policies
Cenomi Retail wraps up SAR 115 mn sale of Innovative Outfit Trading
The transaction will see Cenomi sell the franchise rights to 16 brands
Kazyon expands to Saudi Arabia, acquiring 50% of discount retailer Dukan
Transaction was by an investment by an unnamed sovereign fund
Cenomi wraps up the SAR 200 mn sale of Sahara Plaza
This is part of Cenomi’s SAR 2 bn non-core asset sale program
Cenomi Retail to sell fashion business to unit of Al Othaim in SAR 120 mn transaction
The sale’s proceeds will be used to sponsor Cenomi Retail’s focus on champion brands and deleverage debt
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