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    4321   SA14QG523GH3

ARABIAN CENTRES COMPANY

(4321)
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Arabian Centres Company Announces the Launch of A Number of Alshaya Group Brands

07/06/2021 | 12:42am EDT

Arabian Centers Company announced the launch of a number of brands managed by Alshaya International Group at ACC’s shopping centres in Saudi Arabia in three phases as follows: First phase: Will witness the launch of "Starbucks" cafes chain at several ACC’s shopping centres, where the first branch opening shall be on Thursday 15 July 2021 at Al Nakheel Mall in Riyadh. This phase will also see ACC’s centres welcoming brands such as “Jo Malone”, a global leader in perfumes, candles, bath products, and room scents, and “M.A.C.” Cosmetics, a leader in cosmetic products. It is planned to conclude the first phase openings during September of this year. Second phase: It is scheduled to be implemented during the next 12 months, and will witness the opening of the second patch of the above mentioned brands in the first phase, in addition to launching “Bath & Body Works” brand, a leader in home fragrance products, candles, gifts, bath and skin care products. Third phase: It is scheduled to be implemented during the next 24 months, and will witness the launch of several big-box labels such as “H&M”, “American Eagle”, “West Elm”, “Victoria’s Secret” and others. These additions are expected to further complement ACC’s existing offerings in the areas of fashion and F&B, cementing the Company’s position as the go-to destination both for visitors and for international brands seeking to penetrate or deepen their presence in Saudi Arabia’s dynamic retail market.


© S&P Capital IQ 2021
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Financials
Sales 2022 2 151 M 574 M 574 M
Net income 2022 497 M 132 M 132 M
Net Debt 2022 6 592 M 1 758 M 1 758 M
P/E ratio 2022 20,0x
Yield 2022 5,25%
Capitalization 11 875 M 3 167 M 3 167 M
EV / Sales 2022 8,59x
EV / Sales 2023 8,65x
Nbr of Employees -
Free-Float 33,8%
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Technical analysis trends ARABIAN CENTRES COMPANY
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 25,00 SAR
Average target price 25,06 SAR
Spread / Average Target 0,23%
EPS Revisions
Managers and Directors
Faisal Abdullah Ibrahim Al-Jedaie Chief Executive Officer
Walead Khalid Al-Rebdi Chief Financial Officer
Fawaz bin Abdulaziz Fahad Al-Hokair Chairman
Abdullah Al-Harbi Director-Information Technology
Mubarak Al-Enazi Operations Director
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