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.
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
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
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.
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
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
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
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
Saudi developer Jabal Omar said on Sunday its shareholders approved a 38.4 percent capital increase through a rights issue, as it seeks to finance a major project.
The company will issue one share for each 2.6 outstanding shares at 10 riya