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INVESTOR RELATIONS

Jabal Omar Development Company invites its respected shareholders to attend the 9th Extraordinary General Meeting (First Meeting)

JODC is pleased to remind shareholders of the date of the Extraordinary General Assembly Meeting, which will be held at 6:30 pm on Wednesday 4/10/2017 (according to the time of Umm Al Qura) , At Jabal Omar Hilton Hotel in the Grand Hall of Abdulrahman Fakieh at the company’s headquarters project, to consider the agenda (Annex).

Shareholders’ attendance that represent at least half of the company’s capital is required for the assembly to be valid. If the necessary minimum attendance for holding the first meeting were not present, the second meeting will be held an hour after the first meeting ends. The second meeting shall be effective if attended by a number of shareholders representing at least a quarter of the capital.

The company notifies the shareholders that the electronic voting ongoing and they can register their attendance and remote voting on the items of the 9th Extraordinary General Meeting, by visiting www.tadawulaty.com.sa. This will end at 10:00 am on Wednesday 14/1/1439H, 4/10/2017, noting that registration in Tadawulaty and voting is available free of charge to all shareholders.

Other Disclosures

Jabal Omar Development Company (“JODC”, the “Company”) received the approval of the Ministry of Finance (“MoF”) to restructure its SAR 3.0bn loan

Introduction JODC makes reference to its announcement on Tadawul dated 13 December 2011 regarding the receipt of a SAR 3.0bn loan from MoF (the “Existing Loan”), and further to its announcement dated 29 March 2020 regarding MoF’s approval for extending the maturity of the Existing Loan and providing support to restructure the Company’s remaining loans. […]

Jabal Omar Development Co. Announces recent Development relating to the non-binding offer submitted to the manager of Alinma Makkah Real Estate Fund Relating to the Full Settlement of The rights and Obligations of The Fund’s Assets

Introduction Further to the announcement made by Jabal Omar Development Company (the “Company”) published on the Saudi Exchange website on 6/2/1443H (corresponding to 13/9/2021G) in relation to the submission of a non-binding offer to the manager of Alinma Makkah Real Estate Fund (the “Fund”) on behalf of the Fund for the full settlement of the […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE Sales/Revenue43.121.932,134.19677.29-44.21 Gross Profit (Loss)-64.86-67.16-3.424-46.7538.737 Operational Profit (Loss)-57.99-208.5-72.187-227.41-74.499 Net Profit (Loss) after Zakat and Tax-270.04-236.9513.964270.57- Total Comprehensive Income-270.04-236.9513.964270.57- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue141.98144.96-2.055 Gross Profit (Loss)-200.06-248.11-19.366 Operational Profit (Loss)-422.96-460.13-8.078 Net Profit (Loss) after Zakat and Tax […]

Jabal Omar Development Company announces restructuring of the Islamic term financing provided by SABB and SNB

Introduction Jabal Omar Development Company announces signing an agreement to restructure the Islamic term financing (the “Facility”) provided by SABB and SAMBA (SNB currently) under certain financing the agreements originally entered into on May 2015. Key terms of the restructuring included the following: • Reinstating SR 1.2 billion of available limit to be drawn • […]
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