Saudi Jabal Omar gets USD2.1b loan

18 Sep 2015

(MENAFN) Jabal Omar, the Saudi real-estate development firm has taken a USD2.1 billion loan in order to help fund a project in Makkah.

The involved loaners included both domestic Samba Financial Group and Saudi British Bank, and the loan will span over a twelve years period.

In more detail, the money will specifically be used to construct some phases of a project in Makkah, plus repaying a USD533 bridge loan.

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