Cenomi Retail Appoints Sameer Jain as New CEO

CENOMI RETAIL

CENOMI RETAIL

4240.SA

0.00

On June 22, 2026, AFG International Co. (Cenomi Retail) announced that its Board of Directors accepted the resignation of CEO Salim Fakhouri at his personal request, effective October 31, 2026, coinciding with his contract expiry. The Board simultaneously appointed Sameer Jain as the new CEO, effective July 1, 2026. Jain brings over two decades of leadership experience in retail and consumer businesses, having most recently served as CEO of New Business and Home Centre Middle East at Landmark Group. The leadership transition occurs as the company advances its transformation agenda following AlFuttaim's acquisition of a 49.95% stake in 2025.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96284&anCat=1&cs=4240&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/25632_459_2026-06-22_15-53-51_en.pdf

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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