Cenomi Centers sells land plot in Al-Kharj for SAR 100M

11/06/2025 Argaam
Logo ofArabian Centres Co. (Cenomi Centers)

Logo of Arabian Centres Co. (Cenomi Centers)

Arabian Centres Co. (Cenomi Centers) announced the sale of a land plot to Saleh Mohammed Alsedairy in Al-Kharj city, located on the Riyadh-Al-Kharj Road, for SAR 100 million (excluding real estate transaction tax and brokerage fees).

 

For more news on listed companies

 

According to a statement on Tadawul, this transaction is part of the company’s program to divest a portfolio of non-core assets, with a total estimated market value of approximately SAR 2 billion.

 

The land plot, which spans an area of 425,400 square meters, has a book value of SAR 93.3 million in the company's financial statements as of March 31, 2025.

 

Mushar Attorney of Law and Legal Consultations managed the transaction, as the proceeds will be utilized to inject and strengthen Cenomi Centers’ internal resources.

 

This transaction will positively affect Q2 2025 financials, the statement highlighted.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.