We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.

Arabian Centres’ dollar bonds due 2029 and 2030 fell by 3-4 points. The Saudi Arabian Capital Market Authority (CMA) referred 17 suspects linked to Cenomi Retail regarding stock manipulation allegations. Cenomi Centers aka Arabian Centres came out to clarify the public confusion that occurred when the CMA announcement broke due to the similarity in the names of both companies. Cenomi Centers proactively distanced itself, stressing it is an independently listed company with its own management and governance, entirely unrelated to the case as Cenomi Retail is a fashion retail company. Cenomi Centers added that it remains focused on enhancing sustainable growth and delivering long-term value across different regions of the Kingdom.
For more details, click here