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Al-Futtaim strikes a mega deal with Saudi-based firm
Gulf News
|July 21, 2025
CENOMI RETAIL TO SELL A 49.95% STAKE TO THE UAE FAMILY BUSINESS GROUP
The Dubai headquarter-tered Al-Futtaim group has just confirmed a major investment in Saudi Arabia.
The founding partners in Cenomi Retail, the Saudi company, will sell a 49.95 per cent stake to Al-Futtaim.
The selling shareholders in Cenomi retail are Fawaz Abdulaziz Alhokair, Abdul Majeed Abdulaziz Alhokair, Salman Abdulaziz Alhokair, Saudi FAS Holding Company, and FAS Real Estate Company.
Al-Futtaim remains one of the most diversified family businesses in the UAE, with long-established alliances with the likes of Toyota and Honda, as well as with Ikea. It also is a developer of shopping and mixed-use destinations such as Dubai Festival City.
このストーリーは、Gulf News の July 21, 2025 版からのものです。
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