18 Hrs
Source:
مباشر
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Cenomi Q3 profit falls
Cenomi Centers’ net profit fell 19.13% in the third quarter of 2026 to SAR 404.9 million, compared with SAR 500.7 million a year earlier, despite a 9.96% rise in revenue to SAR 606.2 million. The company attributed the decline in profit to higher cost of revenue, including SAR 32.7 million in development costs, and increased operating expenses at the Westfield Jeddah project. The comparison period had also benefited from the settlement of an insurance claim related to a fire. In the first nine months of the year, profit fell 16.58% to SAR 993.1 million, while revenue rose 1.95% to SAR 1.76 billion. Visitor numbers in the third quarter increased 20.7% to 39 million.
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