On July 8, 2026, Arabian Centres Company (Cenomi Centers) announced that Fitch Ratings has revised the Company's Outlook to Stable from Negative, while affirming its Long-Term Issuer Default Rating at 'BB'. The revision reflects the Company's strong financial position and resilient operating performance, following the successful refinancing of its October 2026 sukuk. Fitch cited Cenomi Centers' leading market position, high occupancies, footfall growth, and a sound tenant mix of local, regional, and international brands as key rating strengths, while noting that ratings remain constrained by aggressive financial and development policies, with improvement expected upon full stabilization of Jawharat Riyadh and Jawharat Jeddah.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.