Arabian Centres Co. announces partial and temporary closure of its shopping centres as part of the Government precautionary measures to contain the novel coronavirus

17 - March - 2020


Arabian Centres Co. announces partial and temporary closure of its shopping centres as part of the Government precautionary measures to contain the novel coronavirus



Following directives of the Saudi Arabian Government to safeguard its citizens and residents, and to contain the spread of coronavirus (COVID19-) in the Kingdom, Arabian Centres Company (ACC) will temporarily close parts of its malls in the Kingdom. Pharmacies, supermarkets will remain open in accordance with the directive from the Ministry of Municipal and Rural Affairs.
 
“Our immediate attention is focused on the wellbeing of our customers and employees,” said Olivier Nougarou, CEO of Arabian Centres Company. “As a Saudi company, we are committed to providing every support we can to the local authorities and our government partners during this global pandemic”. “We are confident that this temporary partial closure will not have a permanent impact on our business or future plans, and we remain confident about the Saudi market, Nougarou continued.” Arabian Centres Company’s strong financial footing enables us to minimize the impact of this temporary partial closures and we look forward to utilizing our network and continuing to serve our local communities across the Kingdom in every possible way.” 

In the absence of a confirmed duration for the closure, the Company cannot presently determine its full financial impact. Any material development will be announced in due course.