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Logistics (MENA) 
MBC posts SAR 12.7 mn net income post-PIF acquisition
PLUS: Renewables giant Acwa Power turned to the red in 3Q 2024, reporting a net loss of SAR 2.1 bn
Cenomi Centers + GIB Capital line up SAR 1 bn Shariah-compliant real estate fund
Construction at U Walk Qassim is slated to restart in December 2024
New appointment at Cenomi Retail
Salim Fakhouri has been acting CEO since March
Cenomi Centers closes another FCY sukuk issuance
The issuance carries 9.5% fixed annual yield
Cenomi Centers closes SAR 5.25 bn borrowing package to fuel growth
One of the facilities is sustainability-linked, a first of its kind in the Kingdom’s real estate, leisure, and lifestyle sectors
Cenomi Retail to sell fashion business to unit of Al Othaim in SAR 120 mn transaction
The sale’s proceeds will be used to sponsor Cenomi Retail’s focus on champion brands and deleverage debt