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INVESTOR RELATIONS

Jabal Omar Development Company announces the signing of a facility agreement with Bank Albilad

Introduction
Jabal Omar Development Company (“JODC” or the “Company”) announces the signing of a SAR 1.0bn facility agreement with Bank Albilad.

Date of singing the rescheduling of finance
2021-12-09 Corresponding to 1443-05-05

Financing entity
Bank Albilad

Financing amount
SAR 1,000,000,000 repaid through equal semi-annual instalments over the life of the loan with a final payment.

Financing duration
8 years with a grace period of 12 months

Guarantees offered for the financing
Security over certain real estate assets within the Jabal Omar Project

Financing objective
Repayment in full of SAR 643,739,135 of principal and accrued interest on the existing unsecured facility with Bank Albilad. Remaining balance will be used for extinguishing certain expensive liabilities and financing general corporate expenses.

Related Parties
None

Additional Information
This agreement is an integral component of the Company’s capital structure optimization plan, which aims to improve the Company’s funding structure and reduce its financing costs.

Other Disclosures

JABAL OMAR DEVELOPMENT COMPANY 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 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 […]
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