Jabal Omar Signs 2 Billion Riyal Murabaha with Al-Ahli
Jabal Omar Development Company has signed a Murabaha credit facility agreement with Al Ahli Saudi Bank worth two billion Riyals, aimed at refinancing existing debts under improved conditions. The financing term extends to 15 years, with guarantees including a mortgage on a property from the Jabal Omar project, to improve debt servicing, enhance cash flows, and ensure the company's long-term financial sustainability. No related parties were mentioned in the agreement, and it will be presented to the General Assembly for approval.
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