| Element List | Explanation |
|---|---|
| Introduction | Arabian Centres Co. (Cenomi Centers) announces that it has received a notice of lawsuits filed against it by the owner of Mall of Dhahran, claiming “fair rental value,” “property rent,” and “recovery of revenues from the property- Mall of Dhahran. |
| Lawsuit Opponent | Prince Mansour bin Mutaib bin Abdulaziz Al Saud |
| Name of the Plaintiff | Prince Mansour bin Mutaib bin Abdulaziz Al Saud |
| Type of the Lawsuit | Tort Liability |
| Name and Location of the Competent Judicial Authority | The Second Circuit for Major Cases / General Court of Riyadh |
| Date of Submitting the Lawsuit | 2026-05-04 Corresponding to 1447-11-17 |
| Summery of the Lawsuit and its Reasons | • The plaintiff filed a lawsuit against the Company, claiming compensation (as alleged) as follows: “Fair rental amounting to SAR 161,853 thousand for a non-contracted area in Mall of Dhahran and its extension.” • The plaintiff filed a lawsuit against the Company, claiming compensation (as alleged) as follows: “Property rent amounting to SAR 103,397 thousand for the fire-damaged section of Mall of Dhahran.” • The plaintiff filed a lawsuit against the Company, claiming compensation (as alleged) as follows: “Recovery of revenues from the property – Mall of Dhahran – amounting to SAR 523,028 thousand.” |
| Expected Financial Impact Including the Claimed Sums, Fees and any other Charges | At this stage, the financial impact can’t be determined, and any further developments regarding these lawsuits will be announced in due course. |
| Any Substantial Legal, Regulatory, or Operational Risks that may Result from the Lawsuit, including the Results of such Impact on the Company's Financial, Legal or Operational Standing | A specialized law firm will be appointed to represent the Company in following up on the lawsuits and to exert the necessary efforts to defend the rights of the Company and its shareholders. At this stage, the potential liability of the Company can’t be estimated until the commencement of judicial hearings; any further developments regarding these lawsuits will be announced in due course. |
| Measures Taken by the Company, including the Estimation of the Potential Liability Resulting from the Lawsuit | The Company affirms that it reserves all its legal rights and is working with its legal advisors to study these lawsuits and take all necessary legal and regulatory measures to claim its rights. This includes filing counterclaims against the other party to seek compensation for any damages or losses that may be incurred, to protect its interests and those of its shareholders. |