Arabian Centres Company (“ACC”) is Saudi Arabia’s leading owner and operator of shopping malls.
ACC owns, operates and manages 21 commercial centres and complexes located strategically throughout 10 cities in the Kingdom. With a total GLA of nearly 1.2 million square meters, the Company’s malls provide Saudi shoppers with their preferred point of access to the full range of international, regional and local retail brands. ACC’s premium tenant mix allows it to offer a shopping experience of the highest quality, with brands such as Zara, Debenhams, H&M, Virgin Megastores, Panda and IKEA all making their homes at the Company’s malls.
Since establishment in 2005, ACC has effectively leveraged shopping malls’ growing popularity as integrated leisure destinations. The Company’s malls offer a wide array of entertainment concepts, as well as calibrated selections of mid- and high-end
dining and beverage options. Along with a retail offering that blends comprehensiveness and exclusivity, the large-scale provision of such ‘lifestyle’ options affords ACC exposure to a wide cross-section of Saudi Arabia’s young and growing consumer
base. More than 108.5 million visits were made to the Company’s malls in 2018, with a footfall CAGR of 9.7% between 2014 and 2018, testament to its successful adoption of the ‘lifestyle destination’ paradigm.
As at year-end 2018, ACC enjoyed a market share of 14% in the Saudi retail mall space, more than double the share of its nearest competitor. In the Riyadh and Jeddah Metropolitan Areas, home to 60% of the Kingdom’s population, ACC held market shares of 11% and 28%, respectively. Unmatched scale and local positioning make ACC’s facilities the destinations of choice for retailers seeking to penetrate or expand their presence in the Saudi market.
The Company’s vision is to remain the leading owner, developer and operator of shopping malls throughout Saudi Arabia, while generating sustainable value for shareholders and providing service excellence to both tenants and visitors.
The Company’s mission is to create lifestyle destinations that enhance the quality of life of citizens and become the strategic partner of tenants looking to expand their footprint across the Kingdom.