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الاقتصادية
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الاقتصادية

2026-11-09T06:11:08.384Z

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Cenomi profit falls 19%

Cenomi profit falls 19%

Cenomi Centers’ third-quarter profit fell 19% year on year to SAR 405 million, compared with SAR 500 million, as the cost of revenue rose to SAR 146 million and expenses increased at Westfield Jeddah after it began operations. Revenue, however, climbed 10% to SAR 606 million, driven by SAR 35.6 million in development revenue and a contribution of around SAR 20 million from Westfield Jeddah. The number of visitors to the company’s centers also increased 20.7% to 39 million during the quarter.

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