Jabal Omar completes Islamic financing

26 Sep 2012

Saudi Arabian urban developer Jabal Omar Development Co has obtained final approval from its lenders’ Shariah boards to sign a SR5bn ($1.33bn) Islamic financing.

The lenders are Al-Rajhi Capital, Bank Al-Bilad, Bank Al-Jazira, National Commercial Bank, Saudi Arab British Bank and Saudi Hollandi Bank. Al-Rajhi acted as financial adviser.

The loan has a 12 year maturity, with a grace period of four years.

Some of the proceeds will repay a SR1.35bn ($360m) ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data