| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement made by Fawaz Abdulaziz Alhokair Company (“Cenomi Retail”) on the Saudi Exchange website on 07/05/2023G (corresponding to 17/10/1444H) with regards to being in discussions with Arabian Centres Company (“Cenomi Centers”) in relation to a potential transaction to combine the business of the two companies, the Boards of Directors of the two companies have agreed to suspend the discussions regarding the business combination between the two companies until further notice. While the companies continue to believe in the strategic merits of a potential combination, the two companies believe that conditions and timing are currently not ideal for the business combination of the two companies. Cenomi Retail remains committed to engaging in transactions that deliver benefits to all stakeholders. Cenomi Retail’s Board of Directors would like to thank Cenomi Centers and all parties involved for their efforts. |
| Previous Announcement | Fawaz Abdulaziz Alhokair Company (Cenomi Retail) announces that it is in discussions with Arabian Centres Co. (Cenomi Centers) on a potential combination of the two companies. |
| Date of Previous Announcement on Tadawul's Website | 2023-05-07 Corresponding to 1444-10-17 |
| Percentage of fulfilled achievement | The suspension of the discussions regarding the business combination between the two companies until further notice. |
| Event's Expected Completion Date | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The Company incurred costs of advisers in relation to the discussions. |
