Arabian Centres Company (ACC)
Sector: Real Estate & Construction
Date of Establishment: 2005
CEO: Faisal Abdullah Al Jedaie
Market Value: $3.1 billion
ACC owns and operates 21 shopping malls and commercial centers across Saudi Arabia, with gross leasable area of 1.2 million square meters. In 2020, the company recorded 110.7 million visitors and $586 million in sales. In March 2021, the company acquired 25.5% of VogaCloset Limited, the owner and operator of an online shopping platform, for $18.4 million. A month later, it signed a construction contract with Lynx Contracting Company for Madinah Walk in Al-Madinah Al-Munawarah. The project is expected to add about 57,000 square meters to ACC’s gross leasable areas.