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INVESTOR RELATIONS

JODC announces the signing of an MOU with Umm Al Qura Development & Construction Company

JODC announces the signing of a non-binding memorandum of understanding with Umm Al Qura Development & Construction Company on Wednesday September 27th, 2017, extended up to 6 months from the date of the singing, for the purpose of merging the two companies.

As per the memorandum, both parties will appoint a financial consultant for to complete all necessary studies to evaluate and inspect the required process checks, and settle the final details of the deal. They will take the necessary approvals from the concerned during this period.

Knowing that there are related parties to the members of the board of directors of JODC in the deal:
1- Eng. Anas Mohammed Saleh Serafi.
2. Mr. Mohiddin Saleh Kamel.
3. General Authority of Endowments
4. General Organization for Retirement
5. General Organization for Social Insurance
There is currently no financial impact to the process of integration into the fact that studies still exist.
The company will announce on developments on this subject at the time.

Other Disclosures

Jabal Omar Development Company announces the full and final redemption of its Sukuk

Introduction Jabal Omar Development Company announces the full and final redemption of its Sukuk of the aggregate face amount of USD 135,000,000 Offer Type Sukuk certificates Value of the redeemed (sukuk bonds) USD 67,500,000 Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) 50 % Number of redeemed (bonds/sukuk) 337.5 Suk Issuance Date 2018-11-15 Corresponding […]

Jabal Omar Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

Introduction The Board of Directors of Jabal Omar Development Company are pleased to invite the shareholders to attend the Extraordinary General Assembly meeting of the company, which will be conducted virtually via Tadawulaty Platform at 19:30 on Wednesday, 29-5-1445 Corresponding to 13-12-2023 City and Location of the General Assembly’s Meeting Makkah – the company’s headquarters- […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER%CHANGE Sales/Revenue234.62218.637.31454.46-48.37 Gross Profit (Loss)47.527.98495.49236.68-79.92 Operational Profit (Loss)20.71-92.86-213.38-90.29 Net Profit (Loss) after Zakat and Tax305.46153.1199.5-79.84- Total Comprehensive Income305.46153.1199.5-79.84- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue 1,006.17609.9264.97 Gross Profit (Loss)406.4679.49411.33 Operational Profit (Loss)336.22-123.98- Net Profit (Loss) after Zakat and Tax237.55-157.98- […]

Jabal Omar Development Co. Announces Appointment Audit Committee Member

Introduction Jabal Omar development Company announces its Board of Directors’ resolution issued on 18-4-1445 Corresponding to 2-11-2023 to appoint Mr. Mazen Fawaz Baghdadi (Independent Board Member) as a member of the Audit Committee, provided that this appointment is effective from the date of this resolution until the end date of the current Board of Directors […]
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