On July 16, 2026, Arabian Centers Company (Cenomi Centers) announced that Durrat Al Raed Investment Company Limited (the "SPV"), the special-purpose vehicle established for the development of the Westfield Riyadh project, has signed a Commercial Terms Agreement with Riyad Bank and reached Financial Close on an upsized Shariah-compliant Murabaha financing facility. The existing SAR 1.0 billion project-related facilities were upsized by SAR 1.7 billion, bringing total committed facilities to SAR 2.7 billion, with an additional accordion option of up to SAR 200 million, bringing the total potential facility size to SAR 2.9 billion. The facility has a tenor of 9.5 years, comprising a 2-year grace period and 7.5 years of scheduled repayment from Financial Close. Proceeds will fund the project's remaining construction costs, including a VIP lounge, a luxury retail wing, and tenants' fit-out support, with the facility secured by a customary real estate project financing security package and personal and corporate guarantees from substantial shareholders Fawaz Al Hokair, Salman Al Hokair, and Dr. Abdulmajeed Al Hokair, who are related parties under the Capital Market Authority's Corporate Governance Regulations.

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