Dhahran Mall fire claim’s financial impact to appear in Q3 2025: Cenomi Centers

31/08/2025 Argaam
Cenomi Centers had announced SAR 250 mln settlement from AICC

Cenomi Centers had announced SAR 250 mln settlement from AICC

Arabian Centers Co. (Cenomi Centers) reached a final settlement agreement worth SAR 250 million with Arabia Insurance Cooperative Co. (AICC) on Aug. 28 to cover all damage and loss from the partial fire incident.

 

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The settlement will have a positive financial impact during Q3 2025 ending Sept. 30, the company said in a statement to Tadawul, today, Aug 31.

 

According to data available with Argaam, AICC reached, on Aug. 28, a final settlement with Cenomi Centers regarding the Dhahran Mall fire claim, agreeing to pay SAR 250 million.

 

Dhahran Mall, owned by Cenomi Centers, experienced a partial fire in May 2022 that affected a limited area in the mall’s western expansion. The damaged sections accounted for less than 10% of the mall’s total leasable area.

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