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Overview
Cenomi Centers is the leading owner, operator and developer of contemporary lifestyle centers in Saudi Arabia. For over a decade, the Company has provided customers with a complete range of high-quality lifestyle centers up to international standards, located in the most attractive areas of the country to satisfy all shopping needs and market requirements. Today, Cenomi Centers has a portfolio of 21 assets strategically located in 10 major Saudi cities.
Since establishment in 2005, Cenomi Centers has effectively leveraged shopping malls’ growing popularity as integrated leisure destinations. The Company’s malls offer a wide array of entertainment concepts, as well as calibrated selections of mid- and high-end dining and beverage options. Along with a retail offering that blends comprehensiveness and exclusivity, the large-scale provision of such ‘lifestyle’ options affords Cenomi Centers exposure to a wide cross-section of Saudi Arabia’s young and growing consumer base. More than 108.5 million visits were made to the Company’s malls in 2018, with a footfall CAGR of 9.7% between 2014 and 2018, testament to its successful adoption of the ‘lifestyle destination’ paradigm.
As at year-end 2018, Cenomi Centers enjoyed a market share of 14% in the Saudi retail mall space, more than double the share of its nearest competitor. In the Riyadh and Jeddah Metropolitan Areas, home to 60% of the Kingdom’s population, Cenomi Centers held market shares of 11% and 28%, respectively. Unmatched scale and local positioning make Cenomi Centers’s facilities the destinations of choice for retailers seeking to penetrate or expand their presence in the Saudi market.
Vision
To be the dominant and most admired owner, developer and operator of world-class retail and lifestyle destinations in Saudi Arabia.
Mission
Provide a fusion of shared discovery, high design, sophisticated environments, retail, dining, entertainment, and social interaction.