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The Jabal Omar Development Company announced that it had signed yesterday (Sunday) a contract for the sale of land in the city of Mecca for an investment company worth 830 million riyals, the buyer bearing the tax on real estate transactions.
She explained that the objective of this transaction is to support its strategic restructuring plans, in addition to using the proceeds from the sale to finance its projects and conduct its activities.
The company said this step was one of the positive results of issuing the unified instrument across the entire Jabal Omar project area, which the company announced on July 19, 2020.
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