| Introduction | Jabal Omar Development Company announces the signing of a SAR 2 billion Murabaha facility agreement with Alrajhi Bank for the purpose of refinancing existing facilities on improved terms. |
| Date of obtaining the funding | 2025-08-18 Corresponding to 1447-02-24 |
| Financing entity | Al Rajhi Bank |
| Financing amount. | SAR 2 billion |
| Financing duration. | The facility has a term of five (5) years, with an option to extend for an additional three (3) years. |
| Guarantees offered for the financing | A mortgage of two (2) assets within Jabal Omar project. |
| Financing objective | The new facility will optimize the repayment schedule, enhance the Company’s cash flow sustainability, and improve the mortgage structure against loans, this represents an important step within the Company’s strategy to strengthen its debt structure. |
| Related Parties | None |
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