“Jabal Omar Development” announces the final payment of the sukuk The value of the recovered bonds is about $67.5 million

Jabal Omar Development Company announced the redemption of the second and final batch of Sukuk certificates, with a nominal value of US$135 million.

Jabal Omar said in a statement on Saudi Tadawul on Sunday that the value of the redeemed sukuks is about $67.5 million.

She added that the recovery rate of the total issuance was 50%, and the total number of bonds redeemed amounted to 337.5 bonds.

The issuance date was November 15, 2018, and the nominal value of the instrument upon redemption was $200,000.

The amounts were deposited into the accounts of the bond holders on November 24, 2023.