Cenomi Centres strengthened its debt maturity profile after refinancing its sukuk due in October 2026.
Fitch Ratings revised Arabian Centres Co.’s (Cenomi Centres) outlook to ‘Stable’ from ‘Negative’ and affirmed its long-term issuer default rating (IDR) and its senior unsecured rating at ‘BB’ while removing them from under criteria observation (UCO), according to the company’s statement to Tadawul.
The rating reflects the strength of the company’s financial position, disciplined execution, and resilient operating performance, following the successful refinancing of October 2026 sukuk. The refinancing has extended the debt maturity profile and improved the group’s liquidity management.
Cenomi Centres strengthened its debt maturity profile after refinancing its sukuk due in October 2026.
Fitch Ratings revised Arabian Centres Co.’s (Cenomi Centres) outlook to ‘Stable’ from ‘Negative’ and affirmed its long-term issuer default rating (IDR) and its senior unsecured rating at ‘BB’ while removing them from under criteria observation (UCO), according to the company’s statement to Tadawul.
The rating reflects the strength of the company’s financial position, disciplined execution, and resilient operating performance, following the successful refinancing of October 2026 sukuk. The refinancing has extended the debt maturity profile and improved the group’s liquidity management.
