| Element List | Explanation |
|---|---|
| Introduction | Addendum to the announcement by Arabian Centres Company ("Cenomi Centers" or "the Company") published on Tadawul Saudi Arabia on Rajab 23, 1445 AH, corresponding to February 4, 2024, regarding the sale of Sahara Plaza Center, located in King Fahd District in Riyadh, for a total value of SAR 200 million. |
This transaction was executed as part of the Company’s strategy within its program to divest non-core assets. The aim of this program is to restructure assets and focus on investments that align with the Company’s strategic direction.
The proceeds from this transaction will be utilized to enhance liquidity and strengthen the Company’s financial position, contributing to improved financial performance and supporting expansion and growth plans.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.