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Fawaz Abdulaziz Alhokair Company (Cenomi Retail) announces the latest developments regarding the possibility of a transaction with a strategic investor
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Fawaz Abdulaziz Alhokair Company (Cenomi Retail) (the "Company") on the Saudi Stock Exchange (Tadawul) dated 11/01/1447H (corresponding to 06/07/2025G) regarding the latest developments of its previous announcement in connection with the possibility of a transaction with a strategic investor, and the intention of this investor to acquire a stake in the Company of up to 49.95% of its total share capital (the "Private Transaction"), the Company announces that a number of its substantial shareholders have entered into a share purchase agreement with Al Futtaim Retail Company, as a strategic investor, based on the announcement that was published independently and in conjunction with the publication of this announcement (the "Private Transaction Agreement"). With regards to the shareholder loan agreement for which the strategic investor intends to enter into with the Company (the "Shareholder Loan Agreement"), the Company notes that discussions are ongoing in this regard, noting that the Private Transaction Agreement, as announced, included a condition to enter into the Shareholder Loan Agreement as one of the completion conditions for the Private Transaction, for an amount not less than 1,300,000,000 Saudi Riyals, to contribute to strengthening the Company’s balance sheet and supporting its next phase of growth. Accordingly, the ownership acquisition in the Company by the strategic investor is conditional upon the agreement to grant the shareholder loan to the Company by the strategic investor upon completion of the Private Transaction. The Company notes that the Private Transaction is subject to a number of conditions, including procuring the relevant regulatory approvals. Any material developments (including any updates relating to the shareholder loan agreement) shall be announced in due course in accordance with applicable regulatory requirements and procedures. |
| Previous Announcement | Fawaz Abdulaziz Alhokair Company announces the latest developments relating to the possibility of a transaction with a strategic investor. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-07-06 Corresponding to 1447-01-11 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Announcement of the entry of a number of the Company's substantial shareholders into a share purchase agreement with Al Futtaim Retail Company, as a strategic investor; and the latest developments regarding the shareholder loan agreement between the Company and the strategic investor. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Additional Information | N/A |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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