The Saudi Arabia Capital Market Authority has approved Arabian Centres Company’s application to register and publicly offer debt instruments under a programme with a maximum value of SAR 4.5 billion. The prospectus is to be published sufficiently ahead of the subscription period and is expected to include the issuer’s financial statements, information on its activities and management, and details of the issuance programme. The CMA emphasised that its approval is not a recommendation to subscribe and reflects only that Capital Market Law and implementing regulatory requirements have been met. The approval remains valid for six months from the CMA Board resolution date and will be cancelled if the offering and listing of the first intended tranche under the programme is not completed within that period.