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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 invites its shareholders to attend the 12th 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 participate and vote in the 12th Ordinary General Assembly Meeting (the first meeting) which will be held at 7:30 pm on Thursday 15 Shawwal 1442 Corresponding to 27 May 2021through means of modern technology. This is in support […]

Standards and controls for competition of a board member to the company’s business or any of its branches of activity Version 1

This Standards and controls have been prepared to fulfill the requirements of Article 46 of the Corporate Governance Regulations issued by the Capital Market Authority, which requires setting standards – approved by the General Assembly – to verify that a member of the Board of Directors is competing for the company’s business or competing in […]

Jabal Omar Development Company announces the results of the 11th Ordinary General Assembly Meeting (The First Meeting)

Introduction Jabal Omar Development Company announces the results of the 11th Ordinary General Assembly Meeting (The First Meeting) City and Location of the General Assembly’s Meeting By Means of Modern Technology Date of the General Assembly’s Meeting 2021-04-22 Corresponding to 1442-09-10 Time of the General Assembly’s Meeting 22:30 Percentage of Attending Shareholders 53.34 % Names […]

Jabal Omar Development Company announces starting the electronic voting on the agenda items of the 11th General Assembly Meeting (First Meeting)

With reference to the company’s announcement on Tadawul dated 31 March 2021 regarding inviting the shareholders to attend the 11th General Assembly Meeting (first meeting) which will be held on Thursday 10 Ramadan 1442, corresponding to 22 April 2021 at 10:30 p.m. by means of modern technology. ¬¬ The Company would like to announce that […]
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