Jabal Omar Development Company (JODC) issued on July 16, 2020, the uniform ownership deed on the company's project in Makkah at 231,940 square meters (sq m), the company said in a bourse filing.
 
The ownership deed will boost JODC's ability to fund current and planned projects, in addition to expansions, the Saudi developer said in its filing to Saudi Tadawul.
A major player in the Saudi real estate sector, JODC boasts a key multi-use real estate mega development project, Jabal Omar, located within a walking distance of The Grand Mosque.
 
The ownership deed move comes in line with the company's strategic restructuring plan, which was put into action early this year.-TradeArabia News Service

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