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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 selling a land plot in its project located in Makkah

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 […]

Jabal Omar Development Company announces starting the electronic voting on the agenda items of the 13th Ordinary General Assembly Meeting (First Meeting)

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 […]

Jabal Omar Development Company invites its shareholders to attend the 13th Ordinary General Assembly Meeting (The First Meeting) by means of modern technology

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 […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER%CHANGE Sales/Revenue317.09109.65189.18239.5832.35 Gross Profit (Loss)122.25-25.74--27.73- Operational Profit (Loss)102.13-72.23--66.94- Net Profit (Loss) after Zakat and Tax11.93-182.46--194.45- Total Comprehensive Income11.93-182.46--197.61- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Total Share Holders Equity (after Deducting Minority Equity)12,697.08 7,744.2663.95 Profit (Loss) per Share0.01-0.2- All figures […]
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