Riyadh-Mubasher: Jabal Omar Development Company (JODC) has used 80.3% or SAR 2.071 billion of its rights issue proceeds which reached SAR 2.580 billion, the real estate developer said in a bourse statement on Sunday.
The remaining SAR 509 million will be spent on the items stated in the subscription prospectus, the developer added.
The company had issued rights issue shares on 6-15 June 2015.
The developer also said that Makkah project has been 46.5% completed.
