Cenomi Centers hires financial advisor to refinance $875M sukuk

Arabian Centres Co. (Cenomi Centers) appointed Rothschild & Co as financial advisor for the refinancing of $875 million (SAR 3.28 billion) in sukuk maturing on Oct. 7, 2026, with White & Case continuing as legal advisor.

In an emailed statement to Argaam, Cenomi Centers said it will continue to move forward with the refinancing of the $875 million worth of sukuk in the global debt markets in US dollars over the coming months with the support of Rothschild & Co, aiming to complete the process in the second half of 2025.

According to Argaam data, shareholders authorized last March the company to issue and offer Sharia-compliant sukuk worth up to SAR 3.75 billion (or its equivalent in any other currency to be determined by the board of directors at its sole discretion from time to time).