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

Jabal Omar Development issues US$135M sukuk


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

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.