Cenomi Retail has secured a strategic investment from Al-Futtaim, acquiring a 49.95% stake for SAR 2.52 billion, signaling a new phase of growth and alignment with Saudi Vision 2030.

Information on the Target

Cenomi Retail, the foremost retail brand partner in Saudi Arabia, has recently announced the successful completion of a share purchase agreement involving several of its major shareholders and Al-Futtaim. As a result of this transaction, Al-Futtaim has acquired a 49.95% stake in Cenomi Retail, translating to a valuation of SAR 2.52 billion at SAR 44 per share. This significant investment is one of the largest foreign strategic investments in a Saudi-listed retail company, reiterating the Kingdom's status as a prime global investment destination and a vibrant hub for consumer-driven growth.

The partnership aims to align with the aspirations of Saudi Vision 2030, which emphasizes economic diversification and the enhancement of the private sector. Cenomi Retail is set to benefit from Al-Futtaim's global expertise, advanced digital capabilities, and operational excellence, enabling the company to prioritize innovation and improve customer engagement while expanding its distribution network across the nation.

Industry Overview in Saudi Arabia

Saudi Arabia's retail industry is among the most rapidly evolving sectors in the Middle East. With a population exceeding 34 million and a young demographic driving consumption patterns, the sector has an immense