Cenomi Retail obtains SAR 1.6 bn loan to refinance debt
The financing is dependent on Al Futtaim’s entry as shareholder
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The financing is dependent on Al Futtaim’s entry as shareholder
Al-Futtaim’s acquisition of 49% in Cenomi will drive its recovery by a SAR 1.3 bn loan
Institutional subscriptions will kick off on Sunday, 3 August
Cenomi Retail had been shedding brands as part of a turnaround bid. Al-Futtaim is now offering a lifeline — and…
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Cenomi is going to sell the stake to a strategic investor with franchise rights for a number of global brands
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