(MENAFN) Jabal Omar, the Saudi real-estate development firm has taken a USD2.1 billion loan in order to help fund a project in Makkah.
The involved loaners included both domestic Samba Financial Group and Saudi British Bank, and the loan will span over a twelve years period.
In more detail, the money will specifically be used to construct some phases of a project in Makkah, plus repaying a USD533 bridge loan.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.