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Jabal Omar Development Company Announces the Listing of the Consideration Shares and the Completion of the Transaction

Announcement Detail
In reference to the announcement made by Jabal Omar Development Company (the “Company”) on the Saudi Stock Exchange (Tadawul) website on 01/02/1444H (corresponding to 28/08/2022G) in relation to the results of the extraordinary general assembly meeting that included the approval to increase the share capital of the Company in order to settle all debts owned by the Company to Alinma Makkah Real Estate Fund (the “Fund”), the Company would like to announce the listing of the New Shares that have been issued with respect to the Transaction to the eligible unitholders of Alinma Makkah Real Estate Fund on 05/02/1444H (corresponding to 01/09/2022G). With the completion of this procedure, the Company is pleased to announce the completion of the Transaction.

The Company will announce, at a later stage, the deposit of the proceeds of the fractional shares resulting from the Transaction in the accounts of the the unitholders of Alinma Makkah Real Estate Fund (as the eligible shareholders) as set out in the shareholders’ circular issued by the Company in respect of the Transaction.

Other Disclosures

Correction announcement from Jabal Omar Development Company regarding the fractional shares resulting from the capital increase of the Company by way of debt conversion

Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website 2022-09-05 Corresponding to 1444-02-09 Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement There are no fractional shares resulting from the capital increase of the Company. Correct Statement There are fractional shares resulting from the capital increase of […]

Jabal Omar Development Company announces that there are no fractional shares resulting from the capital increase of the Company by way of debt conversion

Announcement Detail With reference to the announcement of Jabal Omar Development Company (the “Company”) on the Saudi Stock Exchange’s (Tadawul) website on 05/02/1444H (corresponding to 01/09/2022G) in relation to the completion of the Transaction and the listing of the New Shares that have been issued with respect to the Transaction to the eligible unitholders of […]

Jabal Omar Development Co. Announces Resignation and Appointment of a Board Member

Introduction Jabal Omar Development Company announces that the Board approved the resignation of Dr. Abdulraouf M. Mannaa, and the appointment of Mr. Saleh Abdullah Alzumai as a member of the Board of Directors. On this occasion, the board extends its sincere thanks to DR. Abdulraouf Mannaa for his efforts during his term of membership in […]

Jabal Omar Development Co. Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Increase ( First Meeting )

Introduction Jabal Omar Development Company (the “Company”) is pleased to announce the results of the extraordinary general assembly meeting that included the approval to increase the share capital of the Company (first meeting) held at 7:30pm on Thursday 27/01/1444H (corresponding to 25/08/2022G) through means of modern technology via Tadawulaty Platform, after completing the quorum for […]
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