Jabal Omar to finalize new sukuk issuance soon: CFO

27/07/2019 Argaam

 

Jabal Omar Development Co. is expected to finalize a new sukuk issuance soon, Chief Financial Officer Hani Zahran told Al Arabiya channel.

 

The value of the issuance was not disclosed.

 

“A company at a size of Jabal Omar would always be close to the debt market,” he said. 

 

Zahran added that the company is exploring expansion opportunities in its Makkah project or other Saudi cities. 

 

Jabal Omar issued in March a SAR 2 billion riyal-denominated sukuk in a private placement, Argaam previously reported.

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