Jabal Omar Q4 losses slow

07 January 2010

Saudi Arabia' Jabal Omar Development Co. has reported SR1.5m ($400,000) in fourth-quarter losses, compared to a loss of SR18.3m in the year-earlier period, Bloomberg has reported. The developer is building 27 hotels with a combined 15,000 rooms, with the first to open in 2011 in Mecca.

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