trending Market Intelligence /marketintelligence/en/news-insights/trending/Kz_6bKQCi5af_sMM5sNBUQ2 content esgSubNav
In This List

Jabal Omar Development issues US$135M sukuk

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


Jabal Omar Development issues US$135M sukuk

Jabal Omar Development Co. issued a US$135 million Islamic bond, or sukuk, to fund its development projects in and around Mecca, Saudi Arabia, The National reported.

The five-year bond was issued in the second half of 2018, the Jan. 9 report added.

Shuaa Capital was the sole arranger for the private placement, the publication reported, citing the Riyadh-listed company's statement to the Dubai Financial Market.

Jabal Omar is currently developing a 2 million-square-meter mixed-use project close to the The Grand Mosque in Mecca.