Cenomi Retail shareholders approve transactions with Cenomi Centers, FAS Holding

Shareholders of Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) approved the transactions and contracts that took place between the company and Arabian Centres Co. (Cenomi Centers), in which board members – Fawaz Alhokair, Abdul Majeed Alhokair, Abdulmajid Albasri and Mohamad Mourad – have indirect interest.

These dealings and contracts are related to real estate rental payments of SAR 331,315 for 2022. These transactions were carried out on a commercial basis, with no preferential terms, the company said in a statement to Tadawul.

They also approved dealings and contracts with Saudi FAS Holding Co., in which Fawaz Alhokair, Abdul Majeed Alhokair, Abdulmajid Albasri and Mohamad Mourad have indirect interest.

These dealings and contracts are related to a debit note for the expenses paid on behalf of FAS Holding. These transactions are valued at SAR 1.94 million for 2022. They were carried out on a commercial basis, with no preferential terms.