Jabal Omar inks SAR 8 bln Islamic finance deal with SABB, SAMBA

17/09/2015 Argaam

Jabal Omar Development Co. has signed a 12-year Islamic syndicated loan with Saudi British Bank (SABB) and Samba Financial Group (SAMBA) worth SAR 8 billion.

 

Of the total amount, SAR 2 billion will be used to repay a bridge loan and the rest will be used to finance parts of its project in Makkah, the company said in a statement to Tadawul.

 

 

Jabal Omar Development - Phase 2  -  Jabal Omar Development - Phase 4

-  Jabal Omar Development - Phase 5

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