The resignation of Fawaz Al -Hokair .. The most prominent details of the deal between “Sinomi Retil” and “Al -Futtaim”
A company revealed "Sinomi Retel"Today, Monday, the most prominent details of the private deal under which a company has acquired "Al -Futtaim retail" On 50% of the company, and the consequent changes in the board of directors, structure and financial impact. "Saudi Arabia trading"Al -Futtaim retail has become a major shareholder in the company, as its ownership represents 49.95% of the entire capital of the company, while she confirmed "Sinomi Retel" The remaining shares of 50.05% of the company’s capital are not part of the private deal. "Sinomi Retel" The rights and obligations of shareholders under the relevant regulations and regulations and the company’s basic system will be applied to a company "Pyramid" Equally and without any preferential treatment for its shares owned by the private deal. It is determined by. "Sinomi Retel" For his welcome to enter a company "Pyramid" To the company, noting that this entry as a strategic investor represents an important step that enhances the financial strength of the company and its market position. Innovation. For its shareholders.
