Latest news with #JawharatJeddah
Zawya
11-03-2025
- Business
- Zawya
Cenomi Centers logs $320mln profits in 2024; dividends for Q3 announced
Riyadh - Arabian Centres Company (Cenomi Centers) generated SAR 1.22 billion in net profit during 2024, lower by 18.44% year-on-year (YoY) than SAR 1.50 billion. Revenues increased by 4.01% YoY to SAR 2.34 billion at the end of December 2024 from SAR 2.25 billion, according to the financial results. The earnings per share (EPS) retreated to SAR 2.56 last year from SAR 3.19 in 2023. Alison Rehill-Erguven, CEO of Cenomi Centers, said: '2024 has been a record-breaking year for us. We have reached a new milestone with an occupancy rate of 94.40%, the highest in the company's history, while footfall has surged to 131.90 million visitors.' 'Our flagship projects, Jawharat Jeddah and Jawharat Riyadh, are progressing as planned with both construction and leasing efforts on track to be delivered in December 2025 and April 2026, respectively,' the CEO added. Cash Dividends for Q3-24 The board members of Cenomi Centers decided to disburse cash dividends of SAR 178.12 million for the third quarter (Q3) of 2024. Cenomi Centers will disburse a dividend of SAR 0.37 per share for 475 million eligible shares. The eligibility and payment dates for the dividends will be 12 March and 6 April 2025, respectively. In the nine-month period that ended on 30 September 2024, Cenomi Centers registered net profits valued at SAR 867.60 million. Source: Mubasher
Argaam
06-02-2025
- Business
- Argaam
Cenomi Centers says occupancy up to 94.4% by 2024-end
Arabian Centres Co.'s (Cenomi Centers) leasing performance was strong in Q4 2024, with occupancy rates rising to 94.4% by the end of the year, Khalid AlJanahi, Chief Commercial Officer, told Argaam. In an interview on the sidelines of the Retail Leadership Summit, AlJanahi pointed out that the company's project portfolio is among the largest in the Middle East, with gross leasable area (GLA) of 1.3 million square meters (sqm). He highlighted that the Jawharat Riyadh and Jawharat Jeddah projects will contribute to a 44% increase in the GLA, bringing it to two million sqm over the next four years. The company is focused on maintaining high occupancy rates in the coming years, with efforts to optimize tenant mix and activities within its malls, the executive said. He noted that indicators point to a compound annual growth rate of 6% in the retail sector over the next four years.
