Saudi Arabia's
Jabal Omar Development has signed an agreement with the Ministry of Finance to defer payments on a 3 billion
riyal ($800 million) loan, it said in a bourse statement on Thursday. The eight-year
loan was extended for three years and the first installment is **w due to be paid in January 2019, the construct6ion firm said.
Jabal Omar had failed to make the first repayment of 650 million riyals on Jan. 1 this year, the firm said in late January, warning that its sustainability depended on finding funds to repay short-term debts.
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