CENOMI CENTERS SIGNS 25-YEAR MALL LEASE DEAL WITH SAUDI DOWNTOWN FOR AL MADINAH PROJECT
Riyadh, Saudi Arabia — Arabian Centers Co. (Cenomi Centers) has signed a Promise to Lease Agreement with Saudi Downtown Company, a Public Investment Fund (PIF) entity, to operate a shopping mall within the Al Madinah Downtown Project for 25 years. The agreement, signed on August 18, 2026, carries no immediate financial impact but extends a […] The post CENOMI CENTERS SIGNS 25-YEAR MALL LEASE DEAL…
Arabian Centers Co. (Cenomi Centers) has signed a 25-year lease agreement with Saudi Downtown Company, a Public Investment Fund entity, to operate a shopping mall in Al Madinah Downtown Project. The deal, signed on August 18, 2026, has no immediate financial impact and extends a strategic partnership previously established through the Al Khobar Downtown project.
The agreement is a Promise to Lease, which remains in force for up to three years, after which Saudi Downtown will execute a definitive 25-year lease and operations agreement for the mall.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
