Cenomi

What Cenomi does

Cenomi Centers is the largest owner and operator of malls and lifestyle centers in the Kingdom of Saudi Arabia, with a portfolio of 20 properties spanning 9 cities (Riyadh, Jeddah, Dammam, Makkah, Ta'if, Jubail, Madinah, Al Ahsa, and Buraidah) across the Kingdom's Central, Western, and Eastern regions. The company leases retail space to more than 4,250 stores operated by international and local brands, generating traffic from over 127 million annual visitors.

The company's core offering is physical retail infrastructure — anchored by signature assets such as Mall of Arabia (Jeddah), The View Mall (Riyadh), U Walk (Riyadh), Al Hamra Mall (Riyadh), and Al Nakheel Mall (Riyadh), plus the Westfield Dammam property. Complementary to the physical portfolio, Cenomi operates the Cenomi Plus App, a consumer-facing mobile application available on both Apple App Store and Google Play, which delivers real-time updates on mall events, offers, and experiences across the Cenomi network.

Cenomi runs a B2B2C model: it serves as landlord to retail brand tenants while simultaneously driving consumer footfall through mall operations, lifestyle centers, and the Cenomi Plus digital channel. The company is publicly listed on the Saudi Exchange (Tadawul), evidenced by an Investor Relations program that includes a Shareholder Center, Results & Reports, and Debt Investor Overview. Pricing/lease terms are not publicly disclosed in source data. Headcount sits at 101-250 employees, and William Kanaan is identified as CTO and Advisor. No AI/ML capabilities, funding rounds, or revenue figures are disclosed in the available source material.

Name

Cenomi

Legal name

Cenomi

Website

https://cenomigroup.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Cenomi Centers is Saudi Arabia's largest owner and operator of malls and lifestyle centers, operating 20 properties across 9 cities with 4,250+ retail tenant stores and 127MM+ annual visitors, and serving international and local brands via a B2B2C leasing model complemented by the Cenomi Plus consumer app.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Mall Retail Leasing: Cenomi generates revenue by leasing retail space to international and local brands across its portfolio of 20 malls and lifestyle centers. The company serves as landlord to 4,250+ stores.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Cenomi owns and operates a national portfolio of 20 shopping malls and lifestyle centers across nine Saudi Arabian cities, leasing retail space to more than 4,250 international and domestic brand stores. The company additionally operates the Cenomi Plus consumer mobile application, which serves as a digital gateway for offers, loyalty, and tenant discovery across its mall properties. Revenue is generated primarily through leasing of retail units to brand tenants, supplemented by mall-level services and consumer engagement via the app.

Product overview

Cenomi operates as a retail real estate company managing a portfolio of shopping malls and lifestyle centers across Saudi Arabia. The core offering consists of Cenomi Centers, described as the kingdom's largest owner and operator of malls and lifestyle centers, providing access to international brands. The company also offers a consumer-facing mobile application called Cenomi Plus App, which serves as an all-in-one destination for mall-related information and real-time updates. The product portfolio centers on physical retail properties complemented by a digital engagement tool for consumers.

Differentiator

Problem solved

Functional benefit

Brands

• Cenomi Plus App: Mobile application providing real-time updates on mall events and experiences.

Products and services

• Cenomi Centers (Mall Portfolio) A national portfolio of 20 owned-and-operated shopping malls and lifestyle centers across nine Saudi Arabian cities, leasing physical retail space to international and domestic brand tenants and serving more than 127 million annual visitors across 4,250+ stores.
• Cenomi Plus App A consumer-facing mobile application from Cenomi that serves as a unified digital gateway to its malls, providing shoppers with promotions, offers, loyalty benefits, tenant discovery, and wayfinding across the mall portfolio.
• Retail Space Leasing Services Tenant leasing and property-management services by which Cenomi rents retail units in its malls and lifestyle centers to international and domestic retail brand tenants under multi-year agreements, including centralized property management, fit-out support, and on-mall operations across the portfolio.

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Simon Property Group: Largest US shopping-center REIT operating premium malls, outlets, and mixed-use destinations; broadly comparable business model (mall leasing, retailer aggregation, omnichannel), serving as a global benchmark for retail real estate economics.
• Unibail-Rodamco-Westfield (URW): Global flagship-mall REIT operating Westfield-branded centers worldwide, including a partnership with Cenomi (Westfield Dammam); comparable as a premium-mall operating platform, but with a much larger global footprint and a different ownership model (REIT).

Direct peers

• Majid Al Futtaim: UAE-based largest mall operator in the MENA region with 29 shopping malls across the Gulf; directly comparable retail real estate model and brand-aggregation playbook, with active expansion into Saudi Arabia, putting it in direct competition with Cenomi.
• Emaar Malls Group / Emaar Properties: Operates Dubai Mall and other GCC mall assets as part of Emaar Properties; comparable as a flagship-mall operator anchored by international luxury and premium brands with similar tenant economics to Cenomi.
• Arabian Centers Company: Saudi-listed mall operator running a portfolio of shopping centers (e.g., Mall of Dhahran, Centria) across Saudi Arabia — the most direct domestic competitor to Cenomi Centers given overlapping formats, geographies, and tenant mix.

Regional players

• Saudi Real Estate Company (Al Akaria): Saudi-listed real estate developer with mixed-use and residential projects; comparable as a Saudi retail/commercial real estate player, though more weighted toward property development than pure mall operations.
• Aldar Properties: UAE-based integrated real estate developer and asset manager with significant retail real estate holdings; operates in the same GCC retail real estate sub-sector though primarily in Abu Dhabi rather than Saudi Arabia.
• Dar Al Arkan Real Estate Development: Major Saudi-listed real estate developer with commercial and mixed-use projects; comparable as a Saudi retail real estate participant but more weighted to residential/large-scale master-planned developments.

Others

• Hammerson: UK-listed retail real estate operator focused on premium city-center shopping destinations in Europe; comparable as a focused flagship-mall operator with similar high-end brand aggregation, but operating in a more mature, slower-growth developed market.
• Kingdom Holding Company: Saudi conglomerate with diversified holdings including retail, real estate, and consumer-facing investments; comparable as a Saudi publicly listed entity with exposure to retail real estate and consumer ecosystems, but operating as an investment vehicle rather than a dedicated mall operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/cenomicenters
• YouTubeyoutube.com/@cenomi
• Facebookfacebook.com/cenomicenters
• LinkedInlinkedin.com/company/cenomi
• Instagraminstagram.com/cenomicenters

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cenomi