Corporate News Room
JODC and Albilad Capital signed an Agreement to purchase 55 Residential Units at One Billion Saudi Riyals
On Thursday 19/12/1437 AH, corresponding to 20/9/2016, Jabal Omar Development Company and Albilad Capital Company, which is “Bank Albilad’s Investment Banking Arm”, signed an agreement to purchase 55 residential units in Jabal Omar project in Makkah with a unique competitive advantage of being near the Grand Mosque.
The agreement was signed by Mr. Yasser Bin Faisal Al-Sharif, CEO of JODC; and Mr. Al Hassan Sami Qusous, CEO of Albilad Capital, in the presence of Mr. Fahd bin Abdullah Al-Dakhil, Chairman of Albilad Capital Board; and Dr. Abdullah bin Hamad Al Mishal, Vice Chairman of JODC Board.
JODC indicated that it will use the sale proceeds in the implementation of its strategy.