Khoshaim & Associates Advised On The Largest Public Sukuk Transaction Of 2025
Khoshaim & Associates advised on Cenomi Centers’ SAR 4.5 billion sukuk, including the largest SAR 2.05 billion public issue.
Khoshaim & Associates Advised on the Largest Public Sukuk Transaction of 2025
The leading independent Saudi Arabian law firm, Khoshaim & Associates successfully acted on the SAR 4.5 billion sukuk issuance program of Arabian Centers Company (Cenomi Centers), including the inaugural SAR 2.05 billion sukuk offering, marking the largest public sukuk issuance of the year. The SAR 2.05 billion sukuk were listed and admitted to trading on the Saudi Exchange (Tadawul) on 30 November 2025.
Khoshaim & Associates advised Al Rajhi Capital Company in its capacities as Arranger, Dealer, Sukukholders’ Agent, Payment Administrator, and Financial Advisor to Cenomi Centers for the establishment of the sukuk programme and the offering.
Cenomi Centers is a flagship owner, operator, and developer of shopping centers and malls across major cities in the Kingdom of Saudi Arabia.
The Khoshaim & Associates team was led by Zeyad Khoshaim (Managing Partner) and Karim Wali (Partner), with a team of associates led by Saud Aldriss and Omran Dairawan.
Khoshaim & Associates (K&A) is a leading independent Saudi Arabian law firm. While the firm operates with an international reach and employs internationally qualified lawyers, it is primarily recognized as a top-tier domestic firm within the Kingdom of Saudi Arabia (KSA).
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