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الاقتصادية
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الاقتصادية

2026-11-09T06:08:04.626Z

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Cenomi profits fall 19%

Cenomi profits fall 19%

Cenomi Centers’ third-quarter profits fell 19% year on year to SAR 405 million, from SAR 500 million, as the cost of revenue rose to SAR 146 million. This included development costs and higher expenses at Westfield Jeddah following the start of operations. Revenue, however, increased 10% to SAR 606 million, driven by SAR 35.6 million in development revenue, a SAR 20 million contribution from Westfield Jeddah, and growth in rental and service revenue. Visitor numbers rose 20.7% to 39 million during the quarter.

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