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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 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 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. […]

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 […]
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