Saudi -cenomi center plans to complete the sale of assets of 900 million Riyals

The company “The Arab Centers” (Sinomi Center), the owner, developer and operator of a number of commercial centers in Saudi Arabia, plans to complete the program to sell non-basic assets aimed at selling two billion Rialals by selling assets in the remaining 900 million Rialals during the second half of this year, according to the CEO-Atonon Rihil-Rihil countries. She explained in an interview with “Al -Sharq” that the company is building 6 commercial centers through its partnership with “Westfield”, two of which will soon be opened; They are ‘Westfield Jeddah’ at the end of this year, and ‘Estefeld Riyadh’ in the second quarter of next year. The CEO said that the financial impact of these two projects will reflect in the results of the company next year after their opening, and expects 650 million Riyals to add profits before benefits, tax, destruction and consumption, which represents 40% of (EBITDA).