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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 Submission of the Application for the Increase of the Company’s Share Capital by Way of Debt Conversion to the Capital Market Authority

Introduction Further to the announcement of Jabal Omar Development Company (the “Company”) published on the website of the Saudi Stock Exchange (Tadawul) on 07/06/1445H corresponding to 20/12/2023G in relation to the recommendation of the Company’s board to increase its share capital by way of converting the outstanding debts owed to each of Central District Cooling […]

Correction announcement from Jabal Omar Co. in regard to its Annual consolidated financial results for the period ending on 2023-12-31.

ELEMENT LISTExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website - Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement Net profit (Loss) for the year ended 31 December 2023, reported as SAR 35.82 Correct Statement Net profit (Loss) for the year ended 31 December […]

Jabal Omar Development Co. announces its Annual consolidated financial results for the period ending on 2023-12-31

Element ListCurrent YearPrevious Year%Change Sales/Revenue1,326.72849.556.18 Gross Profit (Loss)401.0529.471,261.01 Operational Profit (Loss)623.44-175.66- Net Profit (Loss)35.82-352.43- Total Comprehensive Income35.82-352.43- Total Share Holders Equity (after Deducting Minority Equity)12,721.2612,685.150.28 Profit (Loss) per Share0.03-0.35- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTAmountPercentage Of The Capital (%) Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value -- […]

Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for its sixth session

Introduction Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for the next session, which begins on June 30, 2024, and for a period of four years ending on June 29, 2028. For individuals interested in nomination for the Board of Directors provided they meet the membership […]
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