Tuesday 24 May 2016
 
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Jabal Omar

Jabal Omar appoints Yasser Al-Sherif as CEO

Saudi Arabia's Jabal Omar Development has appointed Yasser Al-Sherif as its new chief executive, the firm said in a statement on Wednesday. The appointment comes in light of a new company strategy that depends on dynamic leade

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Jabal Omar signs deal to defer loan payments

Saudi Arabia's Jabal Omar Development has signed an agreement with the Ministry of Finance to defer payments on a SR3-billion ($800 million) loan, it said in a bourse statement on Thursday. The eight-year loan was extended for

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Jabal Omar signs deal to defer loan payments

Saudi Arabia's Jabal Omar Development has signed an agreement with the Ministry of Finance to defer payments on a SR3-billion ($800 million) loan, it said in a bourse statement on Thursday. The eight-year loan was extended for

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Jabal Omar in talks with lenders after missing $173m payment

Saudi Arabia's Jabal Omar Development Company is in talks with creditors after failing to make the first repayment, worth SR650 million ($173.29 million), on a SR3 billion state loan on January 1, the property firm said on Sunday.

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Jabal Omar in talks with lenders after missing $173m payment

Saudi Arabia's Jabal Omar Development Company is in talks with creditors after failing to make the first repayment, worth SR650 million ($173.29 million), on a SR3 billion state loan on January 1, the property firm said on Sunday.

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Hill wins Saudi project contract extention

Hill International, a global leader in managing construction risk, said it has received a one-year extension from Jabal Omar Development Company (JODC) to its existing engineering consultancy services contract for a mixed-use development in Makk

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Saudi developer seals $2bn Islamic loan deal

Saudi Arabia's Jabal Omar has signed an SR8-billion ($2.13 billion) Islamic loan to help fund a project in Makkah and repay a smaller bridge loan, the real estate developer said on Thursday. The company signed the 12-year loan

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Jabal Omar cancels $426m Makkah contract

Jabal Omar Development Company, the largest listed real estate developer in Saudi Arabia by market capitalisation, said it has canceled a SR1.6 billion ($426 million) contract awarded to Ruwad Civil Construction. Ruwad was awarded

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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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