Al-Futtaim acquires a 49.95% stake in Cenomi Retail for US$667 millions

Featured image of the article Al-Futtaim acquires a 49.95% stake in Cenomi Retail for US$667 millions

An article by Morgane Monteiro

Publication

24 July 2025 à 13h44

Updated on 12 August 2025 à 12h05

Reading time

2 minutes

Publication: 24 July 2025 à 13h44, Updated on 12 August 2025 à 12h05

Reading time: 2 minutes

An article by Morgane Monteiro

Publication

24 July 2025 à 13h44

Updated on 12 August 2025 à 12h05

Reading time

2 minutes

Publication: 24 July 2025 à 13h44, Updated on 12 August 2025 à 12h05

Reading time: 2 minutes

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On July 20, Saudi operator Cenomi Retail (2024 revenue: 635 million dollars, up by 4% year-on-year) announced an agreement to sell 49.95% of capital to the Emirati group Al-Futtaim (revenue confidential). This transaction, concluded with the founding shareholders, including the Alhokair family, values the operation at more than 667 million dollars, or nearly 11.7 dollars per share. Al-Futtaim also plans to grant a loan of at least 347 million dollars to support the transformation of Cenomi Reta

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Article authors

Featured image of the article Morgane Monteiro

Morgane Monteiro Journalist

Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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