May 19, 2020 / 12:02 PM / 12 days ago

BRIEF-Jabal Omar Updates On Sale, Lease Back Of Three Hotels, A Commercial Market To Alinma Makkah Real Estate Fund

May 19 (Reuters) - JABAL OMAR DEVELOPMENT CO:

* UPDATES ON SALE AND LEASE BACK OF THREE HOTELS AND A COMMERCIAL MARKET TO ALINMA MAKKAH REAL ESTATE FUND

* DUE TO COVID-19, CO DECIDES TO STOP RENT PAYMENT FOR PERIOD OF MAY TO NOVEMBBER WITH VALUE OF 270 MILLION RIYALS

* REQUESTED FUND MANAGER TO REFUND 172.1 MILLION RIYALS ADVANCE RENT PAID FOR PERIOD FROM MARCH 10 TO MAY 7 Source:(bit.ly/2TkwfMU) Further company coverage:

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