Cenomi Centers mandates board to distribute 2026 interim dividends

Cenomi Centers OGM approves board mandate for interim dividends and related-party transactions.

Shareholders of Arabian Centres Co. (Cenomi Centers) authorized the board of directors to distribute interim dividends on a semiannual or quarterly basis for 2026 at the ordinary general meeting held on June 30, 2026.

 

Shareholders also approved the appointment of Ernst & Young (EY) as the company's external auditor to audit the financial statements for Q2, Q3, and 2026 results, as well as Q1 2027 financials, for total fees of SAR 3.82 million, excluding VAT.

 

In addition, they approved board remuneration of SAR 4.79 million for 2025, and discharged the board members from liability for the same period.

 

Shareholders delegated to the board the powers of the ordinary general meeting under Paragraphs 1 and 2 of Article 27 of the Companies Law for one year from the date of approval or until the end of the current board term, whichever comes first. The authorization covers the establishment, operation, development, leasing, and management of shopping malls and commercial centers.

 

They also approved related-party transactions conducted during 2025, all of which were carried out on commercial terms and without any preferential conditions.

 

Key related-party transactions during 2025

Related party

Interested parties

Nature of transaction

Value

Lynx Contracting Co.

Fawaz bin Abdulaziz Alhokair, Salman bin Abdulaziz Alhokair, Kamel Al Qalam, Abdulmajeed bin Abdullah Al Basri

Construction and development contracts for the company's shopping centers across Saudi Arabia

SAR 1.63 bln

Fawaz Abdulaziz Alhokair and Co. and its subsidiaries

Fawaz bin Abdulaziz Alhokair, Salman bin Abdulaziz Alhokair, Abdulmajeed bin Abdullah Al Basri

Lease agreements for retail space at several shopping centers

SAR 184.81 mln

Tadaris

Alnajd Security Company

Fawaz bin Abdulaziz Alhokair, Salman bin Abdulaziz Alhokair

Security service contracts for all shopping centers

SAR 46.83 mln

Support

Maintenance & Cleaning Co

Fawaz bin Abdulaziz Alhokair, Salman bin Abdulaziz Alhokair

Maintenance and cleaning contract for shopping malls

SAR 36.85 mln

Muvi Cinema Co.

Fawaz bin Abdulaziz Alhokair

Lease agreements for retail space at several shopping centers

SAR 35.25 mln

Abdulmohsen Alhokair Group for Tourism & Development

Fawaz bin Abdulaziz Alhokair, Salman bin Abdulaziz Alhokair

Lease agreements for retail space at several shopping centers

SAR 25.33 mln

Sala Entertainment Co.

Salman bin Abdulaziz Alhokair

Lease agreements for retail space at several shopping centers

SAR 21.56 mln

Muvi Cinema Co.

Fawaz bin Abdulaziz Alhokair

Lease agreements for retail space at several shopping centers

SAR 306,220

Muvi Cinema Co.

Fawaz bin Abdulaziz Alhokair

Capital expenditures charged to the related party

SAR 6.44 mln

Muvi Cinema Co.

Fawaz bin Abdulaziz Alhokair

Marketing services provided by the related party

SAR 17.47 mln
 

The company said the transactions with Fawaz Abdulaziz Alhokair and Co. and its subsidiaries represent transactions with Al Waheedah Equipment Co. Ltd, Haifa B. Al Kalam & Partners Co., International for Trading, Saudi Retail Co. Ltd, Wahba Trading Company Ltd, Unique Technology Trading Co., Nesk Trading Co., Innovative Union Co., and Food Gate.

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