Jabal Omar Development Company Secures SAR 2 billion Murabaha Financing Agreement

AI Summary

Jabal Omar Development Company signed a SAR 2 billion Murabaha facility agreement with Saudi National Bank on June 17, 2026.
The 15-year facility is intended to refinance existing debt on improved terms and is secured by a mortgage on one asset within the Jabal Omar Project.
The transaction involves a related party interest as Mr. Saeed Al-Ghamdi chairs both entities and will be presented to the General Assembly for approval.