Jabal Omar to sell 400 units after foreign ownership inclusion
Jabal Omar Development Company plans to launch 400 hotel apartments for sale during the current year as part of its strategy to benefit from listing its project in areas that allow non-Saudi ownership, aiming to reduce loans and strengthen the project's financial structure. The company also intends to redevelop the final seventh phase of the Jabal Omar project and increase the number of units designated for sale, focusing on the off-plan sales model to finance development operations and achieve better profits. This is expected to improve profitability and increase cash flows, along with a growth in the number of rooms and hotels managed by the company.
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