Arabian Centres Co.
TTADAWUL:432112.75
SAR
+0.01
(+0.08%)
Arabian Centres Co.
TADAWUL:4321
(Saudi Exchange)
Recent
price
12.75
P/E
ratio
6.56
div
yld
5.76%
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Arabian Centres Company, operating under the brand Cenomi Centers, is a leading Saudi Arabian real estate developer, owner, and operator specializing in lifestyle shopping centers. Founded in 2002 and headquartered in Riyadh, the company manages a portfolio of 21 shopping malls totaling approximately 1.2 million square meters of gross leasable area, hosting over 4,300 retail stores that include local and international brands across 10 key urban cities in Saudi Arabia. Its core products and services encompass the development, leasing, and management of retail and commercial properties, integrating shopping, entertainment, and dining experiences, including cineplexes and lifestyle offerings aimed at enhancing consumer engagement and footfall. Arabian Centres also provides property maintenance, operation of malls, and has expanded into digital retail platforms leveraging shopping analytics for consumer insights. Recent strategic developments include a major partnership with GIB Capital to establish a SAR 1 billion closed-end real estate investment fund supporting the Qassim land sale program and the development of U Walk Qassim mall. The company has secured CMA approval for a SAR 4.5 billion Sukuk program, issued USD-denominated Sukuk worth $500 million, and commenced strategic leasing ventures with global firms JLL and CBRE to manage premium office space in Riyadh’s first LEED Gold-certified mall. Additionally, Arabian Centres has been actively expanding its entertainment portfolio by becoming the main partner of the Esports World Cup 2025 and collaborating with Al Nassr to open flagship retail stores. Significant progress continues on landmark projects such as Jawharat Jeddah and the iconic Barakah Mall in Makkah. The company’s recent operational initiatives focus on sustainability-linked financing facilities and digital innovation to enhance the retail and lifestyle ecosystem across its centers. Arabian Centres targets middle to high-end retail markets within Saudi Arabia, catering to consumers across urban and regional locations with a comprehensive mix of retail brands, entertainment, and dining experiences, supporting both local and international tenants. The company operates in the real estate and retail sector, positioning itself as the premier lifestyle shopping destination platform in the Kingdom. Running over 4,100 employees, Arabian Centres emphasizes sustainability and smart technology integration for future growth. Its strategic expansions, funding, and partnerships underline its commitment to maintaining dominance as the foremost retail real estate operator in Saudi Arabia’s rapidly evolving market landscape.