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Jabal Omar picks Rajhi for Mecca project financing

Posted on 25 May 2009

From Tradearabia.com: Saudi Jabal Omar Development Company said on Sunday it had appointed an affiliate of the world’s largest Islamic lender, Al-Rajhi Bank, to help it secure financing worth a previously estimated $3.31 billion.

Al-Rajhi Financial Services Company is to provide ‘financial advisory and arrange the necessary financing through diverse Islamic Sharia-compliant instruments’ for the Jabal Omar project in the holy city of Mecca, Jabal Omar said in a statement posted on the bourse’s website…….Full Article: Source

 
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