Wednesday 17 September 2014
 
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Jabal Omar

DSI project awards up 21pc

  The total value of announced project awards for Drake & Scull International (DSI) in Q4 2012 has reached Dh3 billion ($816 million), the company announced today.    This follows the confi

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Drake-ACC JV wins $720m Saudi contract

Jabal Omar Development, a leading Saudi Arabia-based developer, has awarded construction contracts worth SR2.7 billion ($720 million) to a joint venture between the local units of Arabian Construction Company (ACC) and Drake & Scull Construc

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Saudi Jabal Omar inks $1.33bn loan deal

Saudi Arabia's Jabal Omar Development Company has signed a SR5 billion ($1.33 billion) loan agreement with a group of local banks to refinance an upcoming bridge loan maturity and fund the development of hotels and shops in Makkah. The

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Jabal Omar awards $397m tower contracts

Jabal Omar Development, a leading Saudi Arabia-based developer, has awarded construction contracts worth SR1.49 billion ($397 million) to two local companies for the second phase of its towers project, a report said. Saudi Arabian Baytur C

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Hill International wins 2 new Jabal Omar deals

Hill International, a global leader in managing construction risk, has received two new contracts from Jabal Omar Development Company for its Makkah project. The two contracts have a combined estimated value to Hill of approximately SR25.3

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Jabal Omar to get $800m Saudi govt loan

Saudi developer Jabal Omar has signed a loan agreement for SR3 billion ($800 million) with the finance ministry to complete some of its projects in Makkah, the company announced. 'The loan will be repayed over eight years, two of which

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Jabal Omar rights issue to help repay $93m loan

Saudi developer Jabal Omar will use part of the proceeds from a rights issue to pay back a SR350 million ($93.33 million) bridge loan from Al-Rajhi Bank, it said in a prospectus. Jabal Omar said on Sunday its shareholders approved a 3

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Jabal Omar win approval for capital hike

Saudi developer Jabal Omar said on Sunday its shareholders approved a 38.4 percent capital increase through a rights issue, as it seeks to finance a major project. The company will issue one share for each 2.6 outstanding shares at 10 riya

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Jabal Omar to raise funds for Makkah project

Saudi property developer Jabal Omar Development plans to raise around $447.6 million through a rights issue, which would finance about 14 per cent of its sole project in the holy city of Makkah. "The issue premium will be set later," it sa

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Jabal Omar to raise $450m in rights issue

Saudi property developer Jabal Omar Development plans to raise around $447.6 million through a rights issue, which would finance about 14 per cent of its sole project in the holy city of Makkah. 'The issue premium will be set later,

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