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JODC holds the Preparatory Meeting as a Partner of the Davos Forum

JODC has attended a preparatory meeting in Geneva with the Organizing Committee of the World Economic Forum, on the occasion of signing a partnership agreement between the two parties. The Committee extended an invitation to JODC to participate in Davos Forum that will be held in January 2017; in addition to other international and regional forums. The company was represented at the meeting by the CEO Mr. Yasser bin Faisal Al-Sharif, and Head of Corporate Marketing & Communications Mr. Ibrahim Abdul Haq Al-Balushi.

JODC was selected to participate in this global forum, which is attended annually by the world’s heads of state, the expert businessmen and financiers, and the global decision makers, due to several factors and information, such as the company’s reputation as one of the largest developers in the region, and its great success in the development of the “Jabal Omar” project, which was established to become an integrated area on the outskirts of the Meccan Sanctuary for all the hospitality and accommodation services; through a series of international hotels, distinguished malls, luxury hotel apartments, and cultural and historical exhibits, which practically embodies the Saudi Vision 2030 and is consistent with the development plans of the Holy Capital.

Other Press Releases

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 […]

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 […]
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