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Jabal Omar Development Company announces the receipt of a license from the Ministry of Tourism to operate the first tower of Jabal Omar Jumeirah Hotels in its project in Makkah Al-Mukarramah

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, cafe, meeting rooms and business center service, prayer hall, and a fitness center.
Jabal Omar Jumeirah consists of four towers, with each tower containing 19 hotel floors.

The company is currently working on handing over the second towers to the operator and completing the necessary procedures to obtain permits from the relevant authorities to operate the tower.

The opening of hotel is a continuation of the implementation of the strategic transformation plan, which enables the company to keep pace with the goals of the Kingdom’s Vision 2030 and enhance the level of quality in the tourism and hospitality sector in the Kingdom of Saudi Arabia.

It is expected that the operation of the hotel will have a positive financial impact on the company’s revenues during the year 2023 AD.

Other Disclosures

Jabal Omar Development Company Announces the Submission of the Application for the Increase of the Company’s Share Capital by Way of Debt Conversion to the Capital Market Authority

Introduction Further to the announcement of Jabal Omar Development Company (the “Company”) published on the website of the Saudi Stock Exchange (Tadawul) on 07/06/1445H corresponding to 20/12/2023G in relation to the recommendation of the Company’s board to increase its share capital by way of converting the outstanding debts owed to each of Central District Cooling […]

Correction announcement from Jabal Omar Co. in regard to its Annual consolidated financial results for the period ending on 2023-12-31.

ELEMENT LISTExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website - Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement Net profit (Loss) for the year ended 31 December 2023, reported as SAR 35.82 Correct Statement Net profit (Loss) for the year ended 31 December […]

Jabal Omar Development Co. announces its Annual consolidated financial results for the period ending on 2023-12-31

Element ListCurrent YearPrevious Year%Change Sales/Revenue1,326.72849.556.18 Gross Profit (Loss)401.0529.471,261.01 Operational Profit (Loss)623.44-175.66- Net Profit (Loss)35.82-352.43- Total Comprehensive Income35.82-352.43- Total Share Holders Equity (after Deducting Minority Equity)12,721.2612,685.150.28 Profit (Loss) per Share0.03-0.35- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTAmountPercentage Of The Capital (%) Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value -- […]

Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for its sixth session

Introduction Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for the next session, which begins on June 30, 2024, and for a period of four years ending on June 29, 2028. For individuals interested in nomination for the Board of Directors provided they meet the membership […]
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