| Element List |
Explanation |
| Introduction |
With reference to the announcement made by Fawaz Abdulaziz Alhokair Company (Cenomi Retail) (the "Company") dated 19/08/2024 (corresponding to 15/02/1446) with respect to the Company's negotiations with a leading international fashion retailer regarding a potential significant transaction involving the combination of certain fashion brands, the Company announces that it has terminated such negotiations. The Company is currently considering other strategic options serving the interest of the Company and its shareholders. These options include the possibility of a transaction with a strategic investor the structure and details of which are still under preliminary discussions. Further material developments will be announced in due course in accordance with applicable regulations. |
| Previous Announcement |
Fawaz Abdulaziz Alhokair & Co (Cenomi Retail) announces it is in negotiations regarding a potential significant transaction |
| Date of Previous Announcement on Saudi Exchange’s Website |
2024-08-19 Corresponding to 1446-02-15 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website |
Click Here |
| Latest Developments Of The Announced Event |
The Company has terminated negotiations regarding the potential significant transaction involving the combination of certain fashion brands announced on 19/08/2024 (corresponding to 15/02/1446). The Company is currently considering other strategic options serving the interests of the Company and its shareholders. These options include the possibility of a transaction with a strategic investor the structure and details of which are still under preliminary discussions. Further material developments will be announced in due course in accordance with applicable regulations. |
| Reasons For The Delay on The Date of The Event Previously Announced |
Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
Not applicable |
| Delay consequences on the Company’s financial results |
Not applicable |
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