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FINANCIAL NEWS
Saudi Jabal Omar wins USD1.33b loan deal
19 Jun 2012
(MENAFN) Saudi developer Jabal Omar Development Company won USD1.33 billion loan deal from local lenders, Reuters reported.
The company said in a statement that the loan is for 12 years, with a four-year grace period on repayments.
The company said the cash will be used to repay an upcoming bridge loan and fund the development of hotels and shops in Makkah.
Earlier this month, Jabal Omar unveiled plans to invest USD3.2 billion in 40 residential towers in Makkah to accommodate 160,000 Islamic pilgrims, and a prayer area for 200,000 worshippers.
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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