Arabian Centres Co. announces latest developments regarding the partial and temporary closure of its shopping centres, sees returning to fully operational status in light of lifting the curfew in all Kingdom’s regions and cities
|Introduction||In reference to the Company’s announcement of 31 May 2020 on the Tadawul website regarding the reopening timetable amid Government plan for lifting containment measures, and with reference to the Government directive of 20 June 2020 regarding the full lifting of the Kingdom-wide curfew in all regions and cities and permitting the resumption of all economic activities (including shopping centres) starting from 06:00 on Sunday 21 June 2020, Arabian Centres announces that all of its Shopping Centres in the Kingdom will return to operate fully (with no exception to any economic activities) according to their pre-curfew normal timings and return to normal working hours starting from the above stated date. |
The Shopping Centres will continue to operate in accordance with government guidelines regarding practice in the areas of public health and safety. Comprehensive health and safety measures will be enforced for the duration of the period, including mandatory temperature checks, face masks and hand sanitization at centres entrances as well as additional physical distancing requirements.
ACC’s management continues to ascertain the financial impact of the updated measures and will update the market and its shareholders in due course.
|Previous Announcement||Latest developments regarding the partial and temporary closure of its shopping centres, sees reopening timetable amid Government plan for lifting containment measures|
|Date of Previous Announcement on Tadawul's Website||2020-05-31 Corresponding to 1441-10-08|
|Event's Expected Completion Date||NA|
|Expenses Related to the Event, Whether They Changed or Not and Justification||NA|
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