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Cenomi Centers Terminates Lease, Investment Deal for Saudi Land Property

MT Newswires·01/08/2026 08:35:37
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08:35 AM EST, 01/08/2026 (MT Newswires) -- Arabian Centres Co. (SASE:4321), d/b/a Cenomi Centers, on Thursday terminated its lease and investment agreement for 300,000 square meters of land at Al-Khobar city in Saudi Arabia. The real estate developer said the same day it decided to discontinue the project amid a change in its investment strategy. Cenomi Centers signed the lease agreement for the land plot, which was intended for the development of the Jawharat Al-Khobar mall and other mixed-use commercial facilities, in 2022.