21 Nov, 2024
anb capital is pleased to announce its role as financial advisor to Jabal Omar Development Company on its recently completed SAR 547.5 million debt to equity conversion
anb capital is pleased to announce its role as financial advisor to Jabal Omar Development Company ( “JODC”) on its recently completed SAR 547.5 million debt to equity conversion.

JODC is a leading real estate development company in the Middle East and one of the largest companies listed on the Saudi stock exchange. Situated in a strategic location just steps from the Grand Mosque in Makkah, it represents one of the most significant multi-use real estate projects in the Kingdom. 
The transaction aims to reduce the Company’s financing burdens, improve its liquidity ratios and credit status, and enhance its capacity to achieve its growth goals.
 
Anb capital is proud to be a partner to JODC on this important transaction.

anb capital is a leading Saudi capital market institution that offers its clients brokerage, investment management and Operating Funds, investment advisory, investment banking, real estate and private equity services. Its clientele includes institutions, corporates, HNWI and retail investors. Anb capital has gained momentum in recent years with the completion of high-profile transactions, the launch of innovative investment funds and the expansion of its alternative investments’ offerings.