Tag: ARABIAN CENTRES
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ARABIAN CENTRES’ BOARD APPROVES SAR 2 BILLION NON-CORE LAND SALE PROGRAMME
Sale of 17,733 sqm of land, located in the Olaya district in Riyadh, is the first asset to be sold off as part of the programme Company will sell land for a total price of ~SAR230.5 million The sale is part of the company’s Board of Directors’ approved programme for the sale of non-core land…
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ARABIAN CENTRES ADOPTS FAIR VALUE MODEL, INCREASES NET ASSETS BY SAR 10.5 BILLION
Dubai, Property News: Arabian Centres Company “ACC”, the largest owner, developer and operator of contemporary lifestyle centres in Saudi Arabia, announced that its Board of Directors has approved on 29 June 2022 the adoption of the fair value model “FMV” to measure its real-estate and investment properties. The expected financial impact of which will increase the value of…
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ARABIAN CENTRES FURTHERS PROGRESS OF PIONEERING RETAIL PROJECTS
· Arabian Centres will work with Riyadh Capital to establish two funds worth SAR6.2 billion to secure funding for projects · The malls will offer unique lifestyle destinations bringing together luxury retail, dining and extensive entertainment offerings in brand new concept for the Kingdom · The 235.6 thousand sqm of GLA boosts the company’s ambitious expansion strategy Dubai,…
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