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Logo of Arabian Centres Co. (Cenomi Centers)
Arabian Centres Co. (Cenomi Centers) commenced today, Nov. 3, the offering period for its SAR-denominated sukuk and opened subscription for retail and institutional investors.
The offering will close on Nov. 16, Cenomi Centers said in a Tadawul statement.
The final amount will be determined after the offering, based on market demand and conditions.
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Issue Highlights |
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Type |
SAR dollar-denominated sukuk |
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Offering Amount |
To be determined later based on market conditions |
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Start Date |
Nov. 3, 2025 |
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End Date |
Nov. 16, 2025 |
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Target Investors |
To eligible natural and legal persons in the Kingdom of Saudi Arabia and any other relevant jurisdiction where the Sukuk may be lawfully offered. |
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Financial Advisor, Lead Manager, and Dealer |
Al Rajhi Capital |
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Minimum Subscription Limit |
SAR 1,000 |
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Issuance Price |
SAR 1,000 per sak |
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Nominal Value |
SAR 1,000 |
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Return |
8.5% annually, to be paid on a quarterly basis |
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Maturity |
Six years, subject to the Issuer call option on any periodic distribution date starting from the 3rd anniversary of the issue date. |
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Redemption |
To be redeemed at 100% of the aggregate nominal amount of the Series on the scheduled maturity date, and may be redeemed earlier as set in the terms and conditions. |
Cenomi Centers said it will treat the sukuk as capital or equity for zakat purposes for as long as the sukuk remain outstanding, noting that the instruments are unsecured senior sukuk.
The company added that the purchase of the sukuk is subject to all terms and conditions set out in the application form and the base prospectus. This announcement does not constitute an offer or invitation to purchase, acquire, or subscribe to any securities.
According to Argaam data, Cenomi Centers announced in October a base prospectus for a sukuk issuance program valued at SAR 4.5 billion.
The company said recently that the offering is for its general corporate purposes and to meet its financial and strategic needs, including refinancing certain outstanding obligations.
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