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Cenomi Centers secures $1.39bn Shariah-compliant, sustainability-linked financing

Cenomi Centers secures $1.39bn Shariah-compliant, sustainability-linked financing
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Cenomi Centers sells non-core asset worth SR700m

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 ....

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Saudi Arabian Centres, Riyad Capital to launch $1.65bn investment fund

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 ....

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