Announcement Detail Jabal Omar Development Company announces that it has received on Monday the 4th of December 2023, the license from the Ministry of Tourism to operate the second tower of the Jabal Omar Address hotel with a five-stars rating. The second tower includes 742 rooms and suites, in addition to 2 restaurants, a cafe, […]

Introduction Jabal Omar Development Company announces the full and final redemption of its Sukuk of the aggregate face amount of USD 135,000,000 Offer Type Sukuk certificates Value of the redeemed (sukuk bonds) USD 67,500,000 Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) 50 % Number of redeemed (bonds/sukuk) 337.5 Suk Issuance Date 2018-11-15 Corresponding […]

Introduction The Board of Directors of Jabal Omar Development Company are pleased to invite the shareholders to attend the Extraordinary General Assembly meeting of the company, which will be conducted virtually via Tadawulaty Platform at 19:30 on Wednesday, 29-5-1445 Corresponding to 13-12-2023 City and Location of the General Assembly’s Meeting Makkah – the company’s headquarters- […]

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER%CHANGE Sales/Revenue234.62218.637.31454.46-48.37 Gross Profit (Loss)47.527.98495.49236.68-79.92 Operational Profit (Loss)20.71-92.86-213.38-90.29 Net Profit (Loss) after Zakat and Tax305.46153.1199.5-79.84- Total Comprehensive Income305.46153.1199.5-79.84- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue 1,006.17609.9264.97 Gross Profit (Loss)406.4679.49411.33 Operational Profit (Loss)336.22-123.98- Net Profit (Loss) after Zakat and Tax237.55-157.98- […]

Introduction Jabal Omar development Company announces its Board of Directors’ resolution issued on 18-4-1445 Corresponding to 2-11-2023 to appoint Mr. Mazen Fawaz Baghdadi (Independent Board Member) as a member of the Audit Committee, provided that this appointment is effective from the date of this resolution until the end date of the current Board of Directors […]

Introduction Jabal Omar Development Company announces that the Board approved the resignation of Mr. Mohanned Saud Alrasheed from the position of member of the Board of Directors and Chairman of Audit Committee as of the date of 14 -4-1445 Corresponding to 29-10-2023 The board extends its sincere thanks to Mr. Mohanned Saud Alrasheed for his […]

Announcement Detail Jabal Omar Development Company announces that it has received today, August 28, 2023 AD, the license of the Ministry of Tourism to operate the first tower of the Jabal Omar Jumeirah hotel with a five-star rating. The first tower includes 263 luxurious and modern style rooms and suites in addition to a restaurant, […]

Transaction Details On 19 July 2023, Jabal Omar Development Company signed a contract to sell a land plot with a total area of 3,065.74 sqm located within its project in Makkah Transaction Value SR 521,175,800 in addition to the buyer bearing the real estate transaction tax and brokerage fees Transaction Terms No transaction terms Parties […]

With reference to the company’s announcement on Tadawul dated 01 Jun 2023 regarding inviting the shareholders to attend the 13th Ordinary General Assembly Meeting (First Meeting) which will be held on Thursday 2023-06-22 Corresponding to 1444-12-04 at 7:45 p.m. by means of modern technology. The Company would like to announce that electronic voting on the […]

Introduction The Board of Directors of Jabal Omar Development Company are pleased to invite the shareholders to attend the Ordinary General Assembly meeting of the company, which will be conducted virtually via Tadawulaty Platform. City and Location of the General Assembly’s Meeting Makkah – the company’s headquarters- by Means of Modern Technology URL for the […]