Jabal Omar board makes three recommendations for ten-year strategy
The Board of Directors of Jabal Omar for Real Estate Development (Jabal Omar) has agreed on three-pillared strategy to be implemented over the coming ten years. First, turning the company into a holding company. Second, the board has also agreed to a geographical expansion policy, to include Mecca and Medina. Thirdly, the board has agreed on introducing the concept of long-term leases, in order to improve future cash flows. (Tadawul)
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