Investor Presentaiton
Covid-19: Key Measures to Mitigate Impact
Health & Safety
Comprehensive safety measures at all centres in cooperation with Ministry of
Health.
Additional social distancing measures enforced at retail units, hallways and
capacity limitations at cinemas and elsewhere.
Work from home policy rapidly and successfully implemented for all
administrative staff.
Financial Measures
Strong liquidity position after securing SAR 1.9 billion in November
refinancing transaction.
Debt maturity profile significantly extended, with no obligations coming due
over the short term, and significantly enhanced covenant headroom.
More than SAR 900 million in cash on hand after drawdown of revolving
credit facility.
Capital expenditure reduced to maintenance and committed CAPEX, while
dividends cut and based on performance.
Rent Relief Policy
6-Week Waiver
Additional Support
Escalations Suspended
Case-by-Case
On all contractual base rent and
service charges beginning 16
March
For tenants whose stores were
mandatorily closed by
government order
Lease escalations suspended for
2020 and 2021
Support and further rent-relief
to tenants subject to severity of
impact on a case-by-case basis
Arabian Centres Company • Investor Presentation
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