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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 Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE Sales/Revenue1,322.6645.522,805.667250.25428.535 Total Profit (Loss)673.04-210.33-49.491,259.951 Profit (Loss) Operational643.24-284.34-4.54 14,068.281 Net Profit (Loss) after Zakat and Tax469.62-593.97--148.02- Total Comprehensive Income469.62-593.97--148.02- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue1,715.04568.83201.503 Total Profit (Loss)751.8311.11 6,667.146 Profit (Loss) Operational667.73-164.78- Net Profit (Loss) after Zakat […]

Jabal Omar Development Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CHANGE CURRENTPREVIOUS QUARTER% CHANGE PREVIOUS Net profit (loss)-128.263.35--593.9778.42 Gross profit (loss)29.3139.38-78.98-210.33- Operational profit (loss)19.95-110.11-81.88-284.34- Earning or loss per share, Riyals-0.140.07--- All figures are in (Millions) Saudi Arabia, Riyals ELEMENTEXPLAINATION Reasons of increase (decrease) for quarter compared with same quarter last yearNO TRANSLATION, SEE THE ARABIC VERSION Reasons of increase […]

Jabal Omar Development Co. announces the annual financial results for the period ending on 31-12-2017

ELEMENTCURRENT YEARPREVIOUS YEAR% CHANGE Net profit (loss)600.97-76.66- Earning or loss per share, Riyals-0.650.08- Gross profit (loss)11.11 256.39-95.67 Operational profit (loss) -164.78193.25- All figures are in (Millions) Saudi Arabia, Riyals ELEMENTEXPLAINATION Reasons of annual financial resultsNO TRANSLATION, SEE THE ARABIC VERSION Reclassifications in annual financial resultsNO TRANSLATION, SEE THE ARABIC VERSION Other notesNO TRANSLATION, SEE THE […]

Jabal Omar Development Company announces an MOU extension with Umm al-Qura Development and Construction Company

Reference to Jabal Omar Development Company (JODC) declaration published on Saudi Stock Exchange (Tadawul) on 08/01/1439H – 28/09/2017, the company renews the non-binding memorandum of understanding
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