Cenomi Centers receives SAR 200M for Sahara Plaza sale
In a statement to Tadawul, Cenomi Centers pointed out that the deal was part of the company's strategy to implement its program to sell non-core assets, with the aim to restructure the investment portfolio and focus on investments that are in line with the company's strategic direction.
The proceeds from this transaction will be utilized to enhance liquidity and support the company's financial position, contributing to improved financial performance and strengthening future expansion and growth plans, the statement added.
In February, Cenomi Centers completed a sale deal for the Sahara Plaza Center, spanning a total area of 12,540 square meters, for approximately SAR 200 million. The deal value excludes the real estate transaction tax and brokerage fees, Argaam reported.
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