Cenomi Centers secures $1 39bn Shariah-compliant, sustainability-linked financing arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Cenomi Centers, the largest owner, developer and operator of retail and lifestyle destinations in Saudi Arabia, has completed the second transaction as part of its non-core asset land sale program. The 115,094.89-square-meter plot, located in the Al-Raed district of Riyadh, sold for SR700 million ($187 million) and is the second to be sold as part of the company’s program to
RIYADH: Arabian Centres Co. and Riyad Capital Co. signed agreements to establish two closed-end real estate investment funds valued at SR6.2 billion ($1.65 billion) The funds are intended to be used to develop Jawharat Riyadh and Jawharat Jeddah two major major investment projects that ACC has in its pipeline, according to a bourse filing. ACC retains ownership rights to