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Cenomi Centers: Special-purpose Vehicle Secures Financing for Saudi Mall Project
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09:17 AM EDT, 07/16/2026 (MT Newswires) -- Real estate developer Arabian Centres Co. (SASE:4321), d/b/a/ Cenomi Centers, said the special-purpose vehicle behind its new mall in Riyadh, Saudi Arabia, secured an upsized Murabaha financing facility to fund the project's completion. Durrat Al Raed Investment signed a commercial terms agreement with Riyad Bank and received an additional 1.7 billion Saudi riyals, bringing the total committed facilities to 2.7 billion riyals. The financing has a 9.5-year term, including a two-year grace period during construction and 7.5 years of scheduled repayments.
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