‎Al-Futtaim Retail says supports measures, investigation into Cenomi Retail case

‎Al-Futtaim Retail says supports measures, investigation into Cenomi Retail case ‎Al-Futtaim Retail says supports measures, investigation into Cenomi Retail case

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Al-Futtaim Retail, the majority shareholder in Cenomi Retail, stated that it supports any measures or investigations undertaken by regulatory authorities in Saudi Arabia, emphasizing that the information contained in the Capital Market Authority’s (CMA) statement pertains to events that occurred prior to the UAE-based group becoming a majority shareholder.

In a statement to Al-Sharq, the group said that it is monitoring CMA announcement and subsequent media coverage, reaffirming its commitment to the principles of governance, transparency, and corporate compliance, as well as its support for any measures that would enhance the company’s stability, ensure the sustainability of its operations, and protect the interests of all shareholders and partners.

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It also affirmed its full support for any measures taken by the relevant regulatory authorities in the Kingdom, its respect for the independence of these investigations, and its complete confidence in the company’s current management and its established governance frameworks.

Yesterday, CMA announced the referral of 17 suspects to the Public Prosecution in a case related to Cenomi Retail, on suspicion of violations concerning the capital market and corporate regulations.

According to Argaam’s data, Al-Futtaim Retail owns approximately 50% of Cenomi Retail, having completed the acquisition in September 2025.

 

Al-Futtaim Retail, the majority shareholder in Cenomi Retail, stated that it supports any measures or investigations undertaken by regulatory authorities in Saudi Arabia, emphasizing that the information contained in the Capital Market Authority’s (CMA) statement pertains to events that occurred prior to the UAE-based group becoming a majority shareholder.

In a statement to Al-Sharq, the group said that it is monitoring CMA announcement and subsequent media coverage, reaffirming its commitment to the principles of governance, transparency, and corporate compliance, as well as its support for any measures that would enhance the company’s stability, ensure the sustainability of its operations, and protect the interests of all shareholders and partners.

It also affirmed its full support for any measures taken by the relevant regulatory authorities in the Kingdom, its respect for the independence of these investigations, and its complete confidence in the company’s current management and its established governance frameworks.

Yesterday, CMA announced the referral of 17 suspects to the Public Prosecution in a case related to Cenomi Retail, on suspicion of violations concerning the capital market and corporate regulations.

According to Argaam’s data, Al-Futtaim Retail owns approximately 50% of Cenomi Retail, having completed the acquisition in September 2025.

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