Saudi-listed Arabian Centres Co. sells Sahara Plaza mall for $53.3m



RIYADH: Saudi-listed Arabian Centres Co. has sold the Sahara Plaza mall in Riyadh for a total value of SR200 million ($53.3 million) under its non-core asset sale program.

Also known as Cenomi Centers, the company — which is one of the largest owners, operators, and developers of shopping malls in the Kingdom — said in a bourse filing that this is the fourth shopping center to be sold.

This comes as part of the company’s program to sell an identified portfolio of non-core assets worth around SR2 billion.