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Cenomi Mall Build Deal
“Cenomi Centers” has signed a SAR 825 million contract with “Lynx Contracting” to design and build the shopping center and administrative offices as part of the “Downtown Madinah” project. The contract was signed on October 29, 2026, and runs for 30 months. It covers design, engineering, construction, procurement, installation, testing, and commissioning, with its financial impact expected to be recognized gradually over the course of the work. The contract involves related-party interests. The company said that the interested parties did not participate in the deliberations or vote, and that regulatory approval will be sought from the General Assembly.
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