Corporate News Room


Launching the First Branches of “Five Guys” Restaurants in Jabal Omar Project in Makkah

Jabal Omar Development Company (JODC) and Cravia Company, which is the franchisee of “Five Guys” in the Kingdom of Saudi Arabia and Bahrain, have launched the first branches of “Five Guys” restaurants chain at Souk Al-Khalil under Jabal Omar Development Project as the first branch in Makkah; and that is in the presence of the CEO of JODC Mr. Yasser Al-Sharif, the CEO of Cravia Company Mr. Louay Ghandour, media representatives, and food celebrities on social networking sites.

The opening of “Five Guys” restaurant at Souk Al-Khalil came in line with the policy of JODC towards making room for famous names, brands and restaurants, in order to have distinctive locations within the markets of JODP to serve the visitors of the central area at the Grand Mosque.

Other Press Releases

Jabal Omar Revenues grew by 189% to reach SAR 317 million compared to the first quarter of 2022

Hospitality revenues grew by 179% for the first quarter of 2023 to reach SAR 268 million, a record improvement compared to SAR 96 million for the same period in 2022, driven by the success of the company strategy to improve the performance of the hospitality portfolio, besides benefiting from government initiatives related to the Hajj […]

JODC Shareholders Approve Landmark Alinma Fund Debt to Equity Transaction, Set to Issue 225 Million New Shares in Return for Settling SAR 5.3 billion in Outstanding Debt Owed to the Fund

Makkah, KSA; 28 August 2022: Jabal Omar Development Company (“JODC” or the “Company”) (Tadawul: 4250), one of the largest real estate developers in Saudi Arabia and the master developer of the iconic mega mixed-used project in Makkah, Jabal Omar, received shareholder approval for issuing new ordinary shares in the JODC to the unitholders of the […]

JODC’s H1 2022 Revenue Surges to Near Pre-Pandemic Levels on Recovery in Umrah Activity

Government’s exceptional management of the pandemic and easing of the restrictions on pilgrimage activities led to a significant increase in the number of pilgrims Revenue in H1 was SAR 391 million, more than tripling year on year Sustained improvement in gross profit driven by Company’s transformation strategy Company expects to bring in new sources of […]

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 […]
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