Cenomi Centers wraps up SAR 2 bn sukuk issuance

Cenomi Centers wraps up sukuk issuance: Arabian Centres Company (Cenomi Centers) raised SAR 2.05 bn through a six-year SAR-denominated Sukuk, callable after three years, it said in a disclosure to Tadawul.

The deets: The notes carry an 8.5% fixed annual return payable quarterly, issued in 2.05 mn certificates at a par value of SAR 1k each. Settlement is slated for 23 November 2025, with listing planned on the Saudi Exchange.

ICYMI- The issuance — kicked off earlier this month — marks the first drawdown under its SAR 4.5 bn sukuk program approved by the CMA earlier this year. Al Rajhi Capital is acting as financial advisor, sole arranger, and trader. The launch follows Cenomi’s October announcement teeing up the program to refinance existing debt, including an USD 875 mn sukuk maturing in October 2026.