The companies are also negotiating a shareholder loan agreement to strengthen the Saudi firm’s balance sheet and fuel its growth ambitions Al Futtaim group on Sunday said it acquired a 49.95 per cent stake in Saudi franchise retailer Cenomi Retail for more than 2.5 billion riyals (Dh2.44 billion). The Dubai-based conglomerate acquired the stake from Fawaz Abdulaziz Alhokair, Abdul Majeed...