Saturday 26 May 2018
 
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Saudi developer

Saudi developer Sreco eyes $640m capital hike

Al Akaria Saudi Real Estate Company (Sreco), a leading real estate developer in Saudi Arabia, said it has won approval from the company's board to double its share capital from SR1.2 billion ($320 million) to SR2.4 billion ($640 million).

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Saudi developer Jabal Omar seals ADFG partnership deal

Jabal Omar Development Company (JODC), the largest publicly-listed real estate company in Saudi Arabia, said it has signed a partnership agreement with leading global investment group ADFG. The strategic MoU enables the duo to exp

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Saudi developer Jabal Omar seals ADFG partnership deal

Jabal Omar Development Company (JODC), the largest publicly-listed real estate company in Saudi Arabia, said it has signed a partnership agreement with leading global investment group ADFG. The strategic MoU enables the duo to exp

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BLZ signs tenancy deal with Saudi developer

The Bahrain Logistics Zone (BLZ), part of the Transportation Ministry's Ports and Maritime Affairs, has signed a tenancy agreement with Bandar Al Khaleej, a leading Saudi developer of warehouses and logistics facilities. The c

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Top Saudi developer posts 11pc Q2 growth

Saudi Arabia's Dar al-Arkan, the kingdom's largest property developer, said its second-quarter net profit rose 11 per cent to SR331 million ($88 million), missing analyst expectations. A group of six analysts had forecast that Dar Al Arkan

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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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