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

ELEMENT LISTEXPLANATION
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.

ELEMENT LISTEXPLANATION
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.

ELEMENT LISTEXPLANATION
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 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 […]

Jabal Omar Development Company announces the receipt of Ministry of Tourism License to operate the first tower of Jabal Omar Address Hotels in its project in Makkah Al-Mukarramah

Announcement Detail Jabal Omar Development Company announces that it has received today, Thursday May 18 2023, the license of the Ministry of Tourism to operate the first tower of the Jabal Omar Address hotels with a five-star rating. The first tower includes 742 rooms and suites (out of which 51 rooms have been sold off-plan), […]

Jabal Omar Development Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

Element ListCurrent YearPrevious Year%Change Sales/Revenue849.5310.36173.71 Gross Profit (Loss)51.76-224.64- Operational Profit (Loss)-190.91-458.34-58.35 Net Profit (Loss) after Zakat and Tax-352.43946.21- Total Comprehensive Income-355.59948.7- Total Share Holders Equity (after Deducting Minority Equity)13,385.15 8,626.7255.16 Profit (Loss) per Share-0.351.02- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTEXPLANATION The reason of the increase (decrease) in the net profit during […]
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