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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

“Jabal Omar” and “Al Arabiya” sign a strategic partnership to invest and market the media leasing in the Jabal Omar project

Jabal Omar Development Co. signed today (Sunday) a strategic partnership agreement with Al-Arabia OOH (Al-Arabiya); To invest and market the media leasing in the Jabal Omar project, which is one of the most important development projects in the central area of Makkah Al-Mukarramah. The announcement of the agreement took place during the signing ceremony at […]

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 […]
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