Z7_K8M0I8402PTU806OF5GPF03SV3

CENOMI CENTERS

05 May, 2025 08:04

Arabian Centres Co. (Cenomi Centers) announces the signing of a strategic partnership within the Kingdom of Saudi Arabia with Westfield (Unibail-Rodamco-Westfield)

Element ListExplanation
Announcement Detail Arabian Centres Company (“Cenomi Centers” or “the Company”) announces the signing of a strategic partnership within the Kingdom of Saudi Arabia with Unibail-Rodamco-Westfield (“URW”) on 06-11-1446 corresponding to 04-05-2025. Under the terms of a 10-year partnership – with the option to extend for an additional 10 years – Cenomi Centers will obtain the exclusive licensing rights to the Westfield brand in KSA from URW. Key benefits include: • Brand license: Cenomi Centers gains exclusive rights to use the “Westfield” name in KSA. • Rollout: Eight malls to be rebranded, starting with Jawharat Riyadh, Jawharat Jeddah, and Nakheel Mall Dammam. • Benefits: Broader customer base, access to global retail brands, and world-class shopping experiences. • Vision 2030: Supports tourism, quality of life, and sustainability goals. • Business impact: Boosts Cenomi’s financials via leasing, digital media, and operational efficiencies.
Attached Documents  

Other Announcements

MEFIC REIT
2025-07-16

Announcement by MEFIC Capital for the availability of the semiannual reports of the assets of MEFIC REIT Fund for the period ending on 2025-06-30

Read More
ASAS MAKEEN
2025-07-16

Asas Makeen Real Estate Development and Investment Co. Announces Contract Sign Off with First Avenue of Real Estate Development Company

Read More
FIRST AVENUE
2025-07-16

First Avenue for Real Estate Development Company Announces the Signing of a Construction Contract for the Al-Hada Avenue Residential Project

Read More
Z7_K8M0I84021EV8060AAR40C00B7