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Al-Rajhi to arrange financing for Jabal Omar project

Saudi Arabia’s Al-Rajhi has been mandated to arrange the financing for the $3bn real estate development in Mecca being developed by Jabal Omar Development Company.

Al-Rajhi replaces Jadwa Investments, which was removed from the project in late April after failing to secure the financing within agreed deadlines (MEED 30:4:09).

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