Arabian Centres Company (Cenomi Centers) announces its intention to issue Sukuk denominated in Saudi Riyals by way of a public offering
| Element List | Explanation |
|---|---|
| Introduction | With reference to the Capital Market Authority’s approval dated 24/03/1447H (corresponding to 16/09/2025G) of the application submitted by Arabian Centres Company (Cenomi Centers) (the “Company”) to register and offer Sukuk denominated in SAR (the "Sukuk") pursuant to the SAR 4,500,000,000 Sukuk issuance programme (the “Programme”) established by the Company on 14/04/1447H (corresponding to 06/10/2025G), the Company announces its intention to issue the Sukuk and the public offering thereof pursuant to the Programme.
The Company has mandated Al Rajhi Capital as financial advisor, sole arranger and dealer for the purpose of establishing the Programme and the issuance and offering of the Sukuk thereunder. |
| Offer Type | Public offering of Sukuk denominated in Saudi Riyals pursuant to the Programme. |
| Date of the board’s decision | 2023-01-26 Corresponding to 1444-07-04 |
| Value of the offer | The issuance amount will be determined at a later stage based on market conditions at that time. |
| The Purpose of the offer | General corporate purposes and to fulfill the Company’s financial and strategic needs including the refinancing of the Company’s existing debt. |
| Approvals | The Capital Market Authority has issued its approval on 24/03/1447H (corresponding to 16/09/2025G) on the Company’s application to register and offer the Sukuk pursuant to the Programme.
The Saudi Exchange Company (Tadawul) has issued its conditional approval on 29/11/1446H (corresponding to 27/05/2025G) on the Company’s application to list the Sukuk on the Saudi Stock Exchange (Tadawul). |
| Additional Information | The Base Prospectus in relation to the Programme has been published and can be viewed on the Capital Market Authority’s website (https://cma.org.sa).
The Base Prospectus can be viewed at the following link:
https://cma.gov.sa/en/Market/Prospectuses/Documents/Cenomi-en.pdf?csrt=7052051313477367823
The Company emphasises the importance of reviewing the Base Prospectus carefully and in full before making any investment decision in relation to any offering of the Sukuk.
This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Company will announce any other relevant material developments in due course as required by the relevant rules and regulations.
Prior to the commencement of the offering period, the Company may conduct roadshows in relation to the Sukuk to specific categories of investors to gauge interest in the offer and market demand. |
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