Jabal Omar Development Company concluded two debt settlement agreements with the Central District Cooling Company (the first creditor) and the Makkah Construction and Development Company (the second creditor) to transfer the debts owed to them by issuing new shares in their favor in the company by increasing the company’s capital.

In his comment, the financial advisor at the Arab Trader, Mohammed Al-Maimoni, said that this is the second time that the Jabal Omar Company has resorted to this method of managing its debts, explaining the positives and negatives of the stock.

In an interview with Al Arabiya Business, Al-Maimoni explained the method of settling the debts of the Jabal Omar Company.