Jabal Omar Development Company announces the change of representative of The General Authority for Awqaf in its board of directors

IntroductionJabal Omar Development Company announces its Board of Directors approval of the request of The General Authority for Awqaf, for replacing its representative to be Mr. Hesham Abdulaziz Alzaid (Independent Member) instead of Mr. Rayan Saleh Alrasheed (Independent Member) effectively from 17/10/1443H corresponding to 18/5/2022G. On this occasion, the Board extends its thanks and appreciation to Mr. Rayan Alrasheed for his efforts during his membership term in the Board, and welcome Mr. Hesham Alzaid as a member of the Board of Directors wishing him all the success.

Appointed Member NameHesham Abdulaziz Alzaid
Membership Type Independent
Membership Start Date 2020-11-24 Corresponding to 1442-04-09
Brief Resume of the Appointed MemberMr. Hisham is currently the CEO of Real Estate Investment in Awqaf Investment - the investment arm of the General Authority of Awqaf. Prior to that, he worked as a manager of real estate funds in Alinma Investment Company, and a manager in the transaction advisory department at KPMG Saudi Arabia. Mr. Hisham is a member of several boards of companies and investment funds. He holds a bachelor's degree with honour in finance from King Fahd University of Petroleum and Minerals. He is also holds a certificate of the International Certified Valuation Specialist. Mr. Hesham has attended a number of leadership courses at INSEAD, Cambridge, and others.

Date of Board Meeting in which Appointed New Member(s) were Appointed2022-05-18 Corresponding to 1443-10-17
Board ApprovalBoard Approval May Not Be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

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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