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Al-Mahzab Al-Arabiya, known commercially as ‘Sinomi Centers’ and listed on the Saudi market ‘Tadawul’, announced the signing of a strategic contract to provide integrated facilities management services to Westfield Jeddah with a maintenance and hygiene support company (Sadam for Integrated Facilities Management). The contract was signed on October 26, 2026. It was agreed that support for maintenance and cleanliness, a single-person limited liability company, would be responsible for fully overseeing the operations and facilities of the Westfield Jeddah complex.
The move comes as part of the company’s efforts to enhance the operational efficiency of its major projects, as the total estimated value of the three-year contract amounted to more than 104.3 million riyals, with expectations that the financial impact of this contract will begin to emerge from the fourth quarter of the fiscal year 2026, according to the company’s financial disclosure issued on Monday on “Tadawul”.
The cost is divided into two financial structures: the first is a basic value of 28.65 million riyals and the second is specialized services that will be calculated according to the actual cost
The agreed scope of work includes the supply, delivery and management of all integrated facilities management services, in addition to the implementation, coordination and preparation of periodic reports, and follow-up of all service activities associated with the facility to ensure the quality of performance and operational standards.
As for the financial details of the agreement, Sinomi Centers reported that the total estimated value of the contract is SAR 104.304 million, which is not inclusive of VAT, and this cost is divided into two financial structures: the first is a fixed core value of SAR 28.65 million, while the second part relates to specialized services that will be calculated based on the actual cost plus a management fee of 5%, where these services are estimated at 6.121 million riyals per year.
In terms of the expected financial impact, the company explained that the financial results will be positively affected by the provision of these services and their savings for the duration of the three-year contract. This impact will begin to reflect on the company’s accounting records starting from the fourth quarter of 2026, and this contract is part of the company’s operational plans to ensure the sustainability of its facilities, and provide a distinctive experience for its commercial centers.
The contract is part of the company’s operational plans to ensure the sustainability of its facilities and provide a unique experience for its commercial hubs
The disclosure also classified this contract, in the context of governance and transparency, within the dealings with relevant parties, due to the indirect interest of the Chairman of the Board of Directors of "Sinomi Centers", Fawaz Al-Hukair, in the contracting entity, and the company confirmed that the contract was concluded within the context of normal business, and with commercial conditions in line with the prevailing standards in the local market without granting any preferential advantages to the contracting party.
It is worth mentioning that the contract is scheduled to be presented annually to the General Assembly of shareholders to obtain the necessary approvals in accordance with the regulatory requirements in force in the Kingdom of Saudi Arabia.
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