Riyadh, Saudi Arabia – 17 November 2025 – Arabian Centres Company (Cenomi Centers), Saudi Arabia’s leading operator and developer of retail destinations, has completed the book-building and subscription period for its first Saudi Riyal-denominated Sukuk, launched on 3 November 2025.
The six-year issuance, with a three-year non-call period, offers a fixed profit rate of 8.5 percent per annum after zakat, payable quarterly.
Investor participation significantly surpassed expectations, with total orders exceeding SAR 2 billion, subject to standard reconciliation, allocation processes, and necessary approvals from regulators. Demand came from both institutional and retail segments, underscoring confidence in Cenomi Centers’ financial position, strategy, and longer-term growth plans.
Proceeds from the issuance will be used to refinance a substantial portion of the company’s USD-denominated Sukuk maturing in October 2026. This forms part of Cenomi Centers’ broader refinancing roadmap and supports its medium-term expansion objectives.
Final allocation is expected to be confirmed around 19 November 2025, with settlement anticipated on 23 November 2025.
Al Rajhi Capital served as Lead Manager for the issuance.
Alison Rehill-Erguven, Chief Executive Officer of Cenomi Centers, said the strong demand reflects market confidence and reinforces the company’s ongoing engagement with local investors, adding that the initiative contributes to the continued development of Saudi Arabia’s domestic debt capital markets. She acknowledged the efforts of the Capital Market Authority, Tadawul, and Al Rajhi Capital in supporting the transaction.
Source: Cenomi
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