Tuesday 28 April 2015
 
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Jabal Omar

Jabal Omar sells key Makkah residential units

Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, said it had sold residential units worth SR70.1 million ($18.7 million). The company had earlier announced plans to hold an

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Jabal Omar wins $1bn loan to fund Makkah project

Saudi Arabia's Jabal Omar Development Company said it has secured a SR4 billion ($1.07 billion) loan to refinance part of an existing facility it signed in 2012 to fund its real estate project in Makkah region of the kingdom.

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Saudi developer Jabal Omar swings to profit

Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, has reported its first quarterly profit in five years. Since 2009, Jabal Omar, which works on projects in Makkah, has only report

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DSI project awards up 21pc

  The total value of announced project awards for Drake & Scull International (DSI) in Q4 2012 has reached Dh3 billion ($816 million), the company announced today.    This follows the confi

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Drake-ACC JV wins $720m Saudi contract

Jabal Omar Development, a leading Saudi Arabia-based developer, has awarded construction contracts worth SR2.7 billion ($720 million) to a joint venture between the local units of Arabian Construction Company (ACC) and Drake & Scull Construc

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Saudi Jabal Omar inks $1.33bn loan deal

Saudi Arabia's Jabal Omar Development Company has signed a SR5 billion ($1.33 billion) loan agreement with a group of local banks to refinance an upcoming bridge loan maturity and fund the development of hotels and shops in Makkah. The

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Jabal Omar awards $397m tower contracts

Jabal Omar Development, a leading Saudi Arabia-based developer, has awarded construction contracts worth SR1.49 billion ($397 million) to two local companies for the second phase of its towers project, a report said. Saudi Arabian Baytur C

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Hill International wins 2 new Jabal Omar deals

Hill International, a global leader in managing construction risk, has received two new contracts from Jabal Omar Development Company for its Makkah project. The two contracts have a combined estimated value to Hill of approximately SR25.3

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Jabal Omar to get $800m Saudi govt loan

Saudi developer Jabal Omar has signed a loan agreement for SR3 billion ($800 million) with the finance ministry to complete some of its projects in Makkah, the company announced. 'The loan will be repayed over eight years, two of which

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Jabal Omar rights issue to help repay $93m loan

Saudi developer Jabal Omar will use part of the proceeds from a rights issue to pay back a SR350 million ($93.33 million) bridge loan from Al-Rajhi Bank, it said in a prospectus. Jabal Omar said on Sunday its shareholders approved a 3

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