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INVESTOR RELATIONS

JODC announces the Amendment of its Fiscal Year from Hijri to Gregorian Calendar Year

Further to the company’s announcement on the Saudi Stock Exchange’s website (Tadawul) on 3/5/1438 AH, corresponding to 31/1/2017, concerning the transition plan towards the International Accounting Standards for the third phase; in addition to the company’s announcement published on the Saudi Stock Exchange’s website (Tadawul) on 27 /6/1438 AH, corresponding to 26/3/2017 regarding the approval of the 8th Extraordinary General Assembly to the amendment of the company’s statute, which stated the conversion of the company’s fiscal year from the Hijri calendar year, which ends on 15/7/1438 AH, to the Gregorian calendar year, which ends on 31/12/ 2017,
JODC announces its intention to amend its fiscal year from the Hijri calendar year, which ends on (30/12) to the Gregorian calendar year, which ends on (31/12), and that is by making an integrated plan to implement this transition; as the company will issue financial statements for the coming period, as follows:

  • The company will issue the short Hijri fiscal year for 1438 AH, which starts from 1/1/1438 AH and ends on 15/7/1438 AH, and will be published during the statutory publication period using the Saudi accounting standards.
  • The International Accounting Standards will apply starting from 13/4/2017.
  • The company will issue the second Gregorian fiscal quarter for the year 2017, starting from 13/4/2017 till 30/6/2017 and will be published during the statutory publication period.
  • The company will issue the third Gregorian fiscal quarter for the year 2017 for the three months (7/8/9) and will be published during the statutory publication period.
  • The company will issue the fourth Gregorian fiscal quarter for the year 2017 for the three months (10/11/12) and will be published during the statutory publication period.
  • The company will issue the short (Gregorian) fiscal year for 2017, which starts from 13/4/2017 and ends on 31/12/2017, and will be published during the statutory publication period. Furthermore, the company wishes to clarify that implementing this transition will not result in any adverse effects.

Other Disclosures

Jabal Omar Development Company announces the receipt of a license from the Ministry of Tourism to operate the first tower of Jabal Omar Jumeirah Hotels in its project in Makkah Al-Mukarramah

Announcement Detail Jabal Omar Development Company announces that it has received today, August 28, 2023 AD, the license of the Ministry of Tourism to operate the first tower of the Jabal Omar Jumeirah hotel with a five-star rating. The first tower includes 263 luxurious and modern style rooms and suites in addition to a restaurant, […]

Jabal Omar Development Company announces selling a land plot in its project located in Makkah

Transaction Details On 19 July 2023, Jabal Omar Development Company signed a contract to sell a land plot with a total area of 3,065.74 sqm located within its project in Makkah Transaction Value SR 521,175,800 in addition to the buyer bearing the real estate transaction tax and brokerage fees Transaction Terms No transaction terms Parties […]

Jabal Omar Development Company announces starting the electronic voting on the agenda items of the 13th Ordinary General Assembly Meeting (First Meeting)

With reference to the company’s announcement on Tadawul dated 01 Jun 2023 regarding inviting the shareholders to attend the 13th Ordinary General Assembly Meeting (First Meeting) which will be held on Thursday 2023-06-22 Corresponding to 1444-12-04 at 7:45 p.m. by means of modern technology. The Company would like to announce that electronic voting on the […]

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 […]
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