Cenomi Centers concludes $100mln sukuk private placement

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The additional issuance will be a part of the $500 million sukuk issued on 6 March 2024 and due 2029

Staff Writer, Mubasher

March 12, 2024

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Arabian Centres Company (Cenomi Centers) has completed a private placement issuance of additional sukuk worth $100 million.

The additional issuance will be a part of the $500 million sukuk issued on 6 March 2024 and due 2029, according to a bourse filing.

A total of 500 sukuk were issued at a par value of $200,000 each, a yield of 9.50%, and a five-year maturity.

The settlement of the additional Sukuk will be on 18 March.

During the first nine months (9M) of 2023, Cenomi Centers logged a 64.04% year-on-year (YoY) jump in net profits after Zakat and tax to SAR 1.32 billion from SAR 621 million.

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