Jabal Omar agrees with the Ministry of Finance to postpone repayment of the SAR 3bn loan

02/02/2013 Tadawul

Jabal Omar Development Company announced today on Tadawul the ministry of finance agreement to extend the grace period of the SAR3bn credit provided to Jabal Omar to 4 years instead of 2 years.

Accordingly the loan will be repaid on 8 years with the first installment due on 1/1/2016.

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