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Jabal Omar Development Co.

Jabal Omar obtains license for 2nd tower of Jumeirah hotel in Makkah

Makkah-bound worshippers can expect improved accommodations as Jabal Omar Development Co. has obtained a license for the second tower of its five-star hotel. In a stock market filing, the Saudi developer announced that it has received…
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Business

Jabal Omar increases share offer to Alinma Makkah Fund to settle liabilities

Jabal Omar Development Co. has increased its share offer to Alinma Makkah Real Estate Fund’s manager to settle payment obligations owed by the developer to the fund. The offer was revised from 193.07 million to 225.13 million shares with…
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Business

Saudi Jabal Omar Development Co. gets approval to restructure a $800m loan

Jabal Omar Development Co., got the Saudi ministry of finance approval to restructure the company’s remaining loans worth SR3 billion riyals, it said in a filing. The restructuring deal includes the conversion of SR1.5bn of the total…
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