Media

INVESTOR RELATIONS

JODC announces on the latest developments on the signing of a MOU with Albilad Capital to sell units in phase 2 of the project in Makkah.

Reference to the declaration of Jabal Omar Development Company (JODC), published on the Capital Market Authority (CMA) website on 1/8/1438, – 27/4/2017.

On Wednesday, 30/8/2017 – 8/12/1438, JODC would like to declare that the extension of the signed MoU with Albilad Capital (The investment banking arm for Bank Albilad, licensed by the CMA) in 1/8/1438, – 27/4/2017.

The MoU is for Albilad Capital to establish a real estate fund to sell 93 residential apartments in phase two of Jabal Omar project. It was agreed to extend the MoU for a 5 months, until in 22/1/2018 under the same terms and conditions to complete the legal and financial due diligence and obtain CMA approval.

All acquisition procedures is expected to be completed during the current financial year. The financial impact will be positive on the company’s revenues and shareholders’ equity.
Knowing that there are related parties, as follows:
1. Chairman Mr. Abdulaziz Mohammed Al Subeaei.
2. Member of the Board of Directors Eng. Anas Mohamed Serafi.

The corporate governance standards has been applied with respect to this deal, the matter will be presented before the company’s next General Assembly for approval.

Other Disclosures

Jabal Omar Development Company invites its shareholders to attend the 12th 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 participate and vote in the 12th Ordinary General Assembly Meeting (the first meeting) which will be held at 7:30 pm on Thursday 15 Shawwal 1442 Corresponding to 27 May 2021through means of modern technology. This is in support […]

Standards and controls for competition of a board member to the company’s business or any of its branches of activity Version 1

This Standards and controls have been prepared to fulfill the requirements of Article 46 of the Corporate Governance Regulations issued by the Capital Market Authority, which requires setting standards – approved by the General Assembly – to verify that a member of the Board of Directors is competing for the company’s business or competing in […]

Jabal Omar Development Company announces the results of the 11th Ordinary General Assembly Meeting (The First Meeting)

Introduction Jabal Omar Development Company announces the results of the 11th Ordinary General Assembly Meeting (The First Meeting) City and Location of the General Assembly’s Meeting By Means of Modern Technology Date of the General Assembly’s Meeting 2021-04-22 Corresponding to 1442-09-10 Time of the General Assembly’s Meeting 22:30 Percentage of Attending Shareholders 53.34 % Names […]

Jabal Omar Development Company announces starting the electronic voting on the agenda items of the 11th General Assembly Meeting (First Meeting)

With reference to the company’s announcement on Tadawul dated 31 March 2021 regarding inviting the shareholders to attend the 11th General Assembly Meeting (first meeting) which will be held on Thursday 10 Ramadan 1442, corresponding to 22 April 2021 at 10:30 p.m. by means of modern technology. ¬¬ The Company would like to announce that […]
Open form