In line with the Company's earlier disclosure on 23/05/1445H corresponding to 07/12/2023G regarding the execution of a share purchase agreement with Abdullah Al-Othaim Fashion Company for the sale of a subsidiary holding franchise rights for 18 brands, the company has successfully finalized the transaction, fulfilling its commitment to transformation.
The share purchase agreement for Innovative Outfit Trading Company, a subsidiary of Cenomi Retail, has been concluded following the receipt of requisite approvals and fulfillment of agreed-upon commercial and regulatory prerequisites.
