SAUDI ARABIA: Cenomi Centers, a Saudi mall operator, has appointed Rothschild & Co to explore funding options including debt and equity in anticipation of a US$875 million Sukuk repayment due in October 2026, Bloomberg reported.
The move follows S&P Global Ratings lowering Cenomi's credit score due to increased related-party receivables and a delayed payment plan from a major tenant, Alhokair Fashion Retail.
In March 2025, Cenomi announced a potential Sukuk issuance worth an aggregate amount of SAR3.75 billion (US$1 billion).
Categories:
Asset ManagementRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
