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Saudi developer Jabal Omar to settle $1.4bn debt owed to Alinma RE fund
Jabal Omar Development Co.’s shareholders have approved a capital hike plan aimed at reducing the company’s liabilities by SR5.3 billion ($1.4 billion). The amount to be settled is mainly made up of rent payments and other obligations owed to Alinma Makkah real estate fund, according to a statement. The real…
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Click here to read the full story: Arab News