Cenomi Retail Assembly Approves Company’s Continuation, Addresses Losses

Fawaz Abdulaziz Alhokair & Co. (Cenomi Retail) announced on Tuesday the outcome of its Extraordinary General Assembly Meeting (first meeting), with the following key resolutions passed:

1. Approval of the Board’s recommendation to proceed with the company’s continuation, alongside the strategic divestiture of non-core brands.

2. Authorization for the Board of Directors to undertake any further actions necessary to address accumulated losses.