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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

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 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 […]

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 […]
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