Saudi Arabia’s Jabal Omar Development Co.(JODC), the developer behind the mega mixed-used project in Makkah, said it has agreed to sell of plot of land it owns in Makkah for 521.2 million riyals ($138.9 million) to Areeb Advanced Real Estate Company.
The asset book value, including development value, is SAR 130.74 million, JODC, one of the largest listed developers in the kingdom, said in a regulatory disclosure on Riyadh’s Tadawul exchange on Thursday.
The Jabal Omar master plan consists of several phases, with a land area of over 235,000…
