JODC concludes sale of 90 residential units for SAR1.1bn
Jabal Omar Development (JODC) signed a contract with a local bank to sell 90 residential units for SAR1.1bn. JODC had an MoU with the bank regarding the sale of assets in phase two of Jabal Omar project to a REIT that will be managed by the bank. The sale is expected to reflect positively on the company’s financials in 2Q18.
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