Company Insights Cenomi Retail Retail Cenomi Retail News Trade Cenomi’s Uzbekistan debut a sign of Saudi trade ambitions Saudi retail major Cenomi has announced its debut in Uzbekistan in tandem with the kingdom’s efforts to expand bilateral trade with the Central Asian nation. Uzbekistan is Cenomi’s 11th-largest international market, and it has signed a deal to open eight international brands – including a flagship Zara store – at the newly developed Tashkent City […] March 13, 2024 Retail Saudi footfall at Cenomi Centers beats pre-Covid level Footfall across Saudi Arabia’s largest shopping mall operator rose 19 percent year on year in 2023, eclipsing the pre-Covid level of 114 million in 2019. Cenomi Centers reported that the number of people through the doors at its 22 locations in 10 Saudi cities reached 124 million last year. Like-for-like occupancy rose from 90.3 percent on September […] January 31, 2024 Analysis Trade Turkey sets bold targets for trade with the Gulf Turkish e-commerce marketplace Trendyol has announced a plan to lift sales across the GCC – one of the latest developments as Turkey seeks to increase trade with the Gulf. The fashion and lifestyle platform will be rebranded for Gulf markets under a deal with Saudi retail group Cenomi. The pair hope to increase annual orders […] December 14, 2023 Retail Cenomi enters Uzbekistan as new mall launches Saudi franchiser Cenomi Retail has announced plans to enter Uzbekistan as part of its capital city’s urban redevelopment. The retailer has signed an agreement for nine international brands to open in Tashkent City Mall, an upcoming 250,000 sq m project. Having signed Aldo and Cinnabon agreements in April, the company confirmed that it will also […] October 11, 2023 Retail Cenomi Centers doubles profit as mall visitors rise Cenomi Centers, the largest owner, operator and developer of shopping malls in Saudi Arabia, more than doubled net profit in the first half of 2023 as bosses predict a record post-pandemic year for footfall. The company reported revenue over SAR1 billion, a 5.5 percent year-on-year increase, while net profit increased 103 percent to SAR725 million […] August 9, 2023 Retail Store closures help Cenomi Retail return to profit Saudi franchise group Cenomi Retail posted net profit of SAR113 million ($30.1 million) during the first six months of 2023, compared with a small loss in the year-earlier period as the company closed dozens of stores. While 11 percent of its stores closed during the first half of the year, revenue only dipped by 1.9 […] August 8, 2023 Retail Cenomi Centers doubles profit after asset sale Cenomi Centers said on Tuesday that net profit more than doubled in 12 months during the first quarter of 2023 as shopping mall footfall rose to near-record levels and it sold off non-core assets. The Saudi retail company operates 21 assets, with over 4,900 stores in 10 cities. It said profit jumped by 125 percent […] May 23, 2023 Retail Cenomi rolls out Subway sandwich chain in Saudi Arabia Saudi Arabia-based Cenomi Retail has announced plans to sell 26 of its “non-strategic” brands, as it refocuses on what it classes as “coveted, winning brands” such as Subway. In a posting to the Saudi Tadawul exchange Cenomi Retail – the new rebranded name for Fawaz Abdulaziz Alhokair Company – said the brands affected are expected […] January 30, 2023 Exclusive Retail Cenomi in bid to shake up kingdom’s online retail industry The retail behemoth previously known as Fawaz Alhokair Group is overhauling its operations from being predominantly bricks and mortar-based to one of the region’s biggest online marketplaces. “Over the past three decades, we’ve done a fantastic job at making the business what it is today, but we know there is a lot more to be […] December 9, 2022 Posts navigation Previous 1 2
Trade Cenomi’s Uzbekistan debut a sign of Saudi trade ambitions Saudi retail major Cenomi has announced its debut in Uzbekistan in tandem with the kingdom’s efforts to expand bilateral trade with the Central Asian nation. Uzbekistan is Cenomi’s 11th-largest international market, and it has signed a deal to open eight international brands – including a flagship Zara store – at the newly developed Tashkent City […] March 13, 2024
Retail Saudi footfall at Cenomi Centers beats pre-Covid level Footfall across Saudi Arabia’s largest shopping mall operator rose 19 percent year on year in 2023, eclipsing the pre-Covid level of 114 million in 2019. Cenomi Centers reported that the number of people through the doors at its 22 locations in 10 Saudi cities reached 124 million last year. Like-for-like occupancy rose from 90.3 percent on September […] January 31, 2024
Analysis Trade Turkey sets bold targets for trade with the Gulf Turkish e-commerce marketplace Trendyol has announced a plan to lift sales across the GCC – one of the latest developments as Turkey seeks to increase trade with the Gulf. The fashion and lifestyle platform will be rebranded for Gulf markets under a deal with Saudi retail group Cenomi. The pair hope to increase annual orders […] December 14, 2023
Retail Cenomi enters Uzbekistan as new mall launches Saudi franchiser Cenomi Retail has announced plans to enter Uzbekistan as part of its capital city’s urban redevelopment. The retailer has signed an agreement for nine international brands to open in Tashkent City Mall, an upcoming 250,000 sq m project. Having signed Aldo and Cinnabon agreements in April, the company confirmed that it will also […] October 11, 2023
Retail Cenomi Centers doubles profit as mall visitors rise Cenomi Centers, the largest owner, operator and developer of shopping malls in Saudi Arabia, more than doubled net profit in the first half of 2023 as bosses predict a record post-pandemic year for footfall. The company reported revenue over SAR1 billion, a 5.5 percent year-on-year increase, while net profit increased 103 percent to SAR725 million […] August 9, 2023
Retail Store closures help Cenomi Retail return to profit Saudi franchise group Cenomi Retail posted net profit of SAR113 million ($30.1 million) during the first six months of 2023, compared with a small loss in the year-earlier period as the company closed dozens of stores. While 11 percent of its stores closed during the first half of the year, revenue only dipped by 1.9 […] August 8, 2023
Retail Cenomi Centers doubles profit after asset sale Cenomi Centers said on Tuesday that net profit more than doubled in 12 months during the first quarter of 2023 as shopping mall footfall rose to near-record levels and it sold off non-core assets. The Saudi retail company operates 21 assets, with over 4,900 stores in 10 cities. It said profit jumped by 125 percent […] May 23, 2023
Retail Cenomi rolls out Subway sandwich chain in Saudi Arabia Saudi Arabia-based Cenomi Retail has announced plans to sell 26 of its “non-strategic” brands, as it refocuses on what it classes as “coveted, winning brands” such as Subway. In a posting to the Saudi Tadawul exchange Cenomi Retail – the new rebranded name for Fawaz Abdulaziz Alhokair Company – said the brands affected are expected […] January 30, 2023
Exclusive Retail Cenomi in bid to shake up kingdom’s online retail industry The retail behemoth previously known as Fawaz Alhokair Group is overhauling its operations from being predominantly bricks and mortar-based to one of the region’s biggest online marketplaces. “Over the past three decades, we’ve done a fantastic job at making the business what it is today, but we know there is a lot more to be […] December 9, 2022
