Media

Corporate News Room

Browse:

Supplementary Announcement from Jabal Omar Development Company regarding its Signing of a Contract for leasing one of its Hotels in its Project in Makkah.

Further to the company’s announcement published on the Saudi Stock Exchange’s website “Tadawul” on 22/11/1437 – 25/8/2016, Jabal Omar Development Company (JODC) announced that on Tuesday 22/6/1438 – 21/3/2017, it has signed a sale contract of three hotels: Conrad Makkah Hotel, Hilton Suites Makkah Hotel, and Hyatt Regency Hotel; in addition to Souk Al-Khalil, located within its project in Makkah to Alinma Investment Company, with a value equivalent to six billion Saudi Riyals. The contract comes as a supplementary to the memorandum of understanding signed between JODC and Alinma Investment Company, under which a Real Estate Investment Traded Fund (REIT) will be established, after obtaining the necessary approvals from the Capital Market Authority, and the Fund Manager.

Other Press Releases

JODC received the Ministry of Finance’s approval to restructure SAR 3 billion existing loan facility

Makkah, Saudi Arabia; 21 November 2021: Jabal Omar Development Company (“JODC” or the “Company”), one of the largest real estate development companies in the Kingdom of Saudi Arabia, announced today the receipt of the Ministry of Finance’s approval to restructure an existing SAR 3 billion Murabaha loan facility. This agreement will have several immediate and […]

Jabal Omar Development Company Secures Over Half a Billion Saudi Riyals from Land Plot Sale in Jabal Omar Project

Makkah, KSA; 30 September 2021: Jabal Omar Development Company (JODC) (Tadawul: 4250), one the largest real estate developers in Saudi Arabia, today announced it has sold a parcel of land within its project via a public auction for SAR 517 million. The proceeds from the strategic land sale will enable the Company to progress with […]

Jabal Omar announces plans to enable sub-developers as part of its strategic transformation plan

• Mr. Khaled Al Amoudi, CEO: The Jabal Omar model aims to inject a new way of thinking in the real estate sector and enables sub-developers to seize opportunities in Mecca. • Supports growing business and accelerates the completion of development works in Mecca. • In line with Saudi Vision 2030 to develop the hospitality […]

Jabal Omar and Dar Al-Hekma University sign a MoU to develop the engineering creativity of female students

In order to achieve our ambition to become Jabal Omar Company a pioneer in creativity by opening development fields for national talents, the MoU that the company signed with Dar Al-Hekma University included cooperation in the field training for female students and the establishment of a studio for creative design, which reflects the company’s role […]
Open form