Global Markets NewsOpenings, closures and market moves · Kuwait & the GulfSaved

Arabian Centers Co. is one of the largest real estate owners in Saudi Arabia which was established in 2005 and currently operates 21 shopping centers across 11 cities in Saudi Arabia. The company had a total asset of $4.9 billion as of Q1 2021 and a net profit of $33.7 million between April and June 2021. Some of the most iconic lifestyle centers being managed by Arabian Centres Co. includes Mall of Arabia, Mall of Dhahran, and Nakheel Mall, which were recognized at the Arab Luxury World Forum in 2017 as consumers' favorite shopping mall in Riyadh. In 2022, Arabian Centres launched two new malls which are Jawharat Al-Riyadh and Jawharat Jeddah.

31 Dec 2022