‎Cenomi Centers completes sukuk issuance worth $500M

Arabian Centres Co. (Cenomi Centers)announced the completion of a USD-denominated Shariah-compliantsukuk issuance, with a total value of $500 million.

The company added in a statement on Tadawul that the sukuk will be settled on Dec.4, 2025.

Details

Advertisement

Issue Type

USD-denominated Shariah-compliantsukuk

Issue Value

$500mln

Total Number of Sukuk

2,500

Par Value

SAR 200,000

Return

8.875%

Maturity

5 years

Redemption Terms

The sukuk may be redeemed prior to the scheduled dissolution date in certain cases as detailed in the offering circular dated on or around Nov. 18, 2025

The company stated that the proceeds of the issuance will refinance the existing Sukuk issued in 2021, which are expected to mature in October 2026. The company expects the issuance to be leverage-neutral.

It added that an application has been submitted to list and trade the Sukuk on the Official List of the International Stock Exchange (TISE). The sukuk may be offered under Regulation S of the US Securities Act of 1933, as amended. The company will continue to complete all necessary procedures to allocate these sukuk to investors.

The company noted that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk. The company will announce any other relevant material developments in due course as required by the relevant rules and regulations.

Arabian Centres Co. (Cenomi Centers)announced the completion of a USD-denominated Shariah-compliantsukuk issuance, with a total value of $500 million.

The company added in a statement on Tadawul that the sukuk will be settled on Dec.4, 2025.

Details

Issue Type

USD-denominated Shariah-compliantsukuk

Issue Value

$500mln

Total Number of Sukuk

2,500

Par Value

SAR 200,000

Return

8.875%

Maturity

5 years

Redemption Terms

The sukuk may be redeemed prior to the scheduled dissolution date in certain cases as detailed in the offering circular dated on or around Nov. 18, 2025

The company stated that the proceeds of the issuance will refinance the existing Sukuk issued in 2021, which are expected to mature in October 2026. The company expects the issuance to be leverage-neutral.

It added that an application has been submitted to list and trade the Sukuk on the Official List of the International Stock Exchange (TISE). The sukuk may be offered under Regulation S of the US Securities Act of 1933, as amended. The company will continue to complete all necessary procedures to allocate these sukuk to investors.

The company noted that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk. The company will announce any other relevant material developments in due course as required by the relevant rules and regulations.