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INVESTOR RELATIONS

JODC announces it’s signing of a contract for leasing one of its hotels in its project in Makkah

Jabal Omar Development Company announced that on June 9th 2017, an agreement was signed with Abdulmohsen Al-Hokair Group for Tourism and Development to lease Jabal Omar Marriott Hotel – Makkah (Five-Star Hotel), located in the first phase of Jabal Omar project, for a period of 15 years. The hotel includes 426 rooms/ suites, two restaurants and meeting rooms.

Furthermore, the agreement also includes that the contracting with Marriot Company will be transferred to Al-Hokair Group, while retaining the brand name of Jabal Omar Marriott Hotel. It is expected that the financial impact will show in a positive manner, starting from the current fiscal quarter of the current fiscal year; noting that this contracting does not included a relevant party.

Other Disclosures

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 […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE Sales/Revenue43.121.932,134.19677.29-44.21 Gross Profit (Loss)-64.86-67.16-3.424-46.7538.737 Operational Profit (Loss)-57.99-208.5-72.187-227.41-74.499 Net Profit (Loss) after Zakat and Tax-270.04-236.9513.964270.57- Total Comprehensive Income-270.04-236.9513.964270.57- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue141.98144.96-2.055 Gross Profit (Loss)-200.06-248.11-19.366 Operational Profit (Loss)-422.96-460.13-8.078 Net Profit (Loss) after Zakat and Tax […]

Jabal Omar Development Company announces restructuring of the Islamic term financing provided by SABB and SNB

Introduction Jabal Omar Development Company announces signing an agreement to restructure the Islamic term financing (the “Facility”) provided by SABB and SAMBA (SNB currently) under certain financing the agreements originally entered into on May 2015. Key terms of the restructuring included the following: • Reinstating SR 1.2 billion of available limit to be drawn • […]
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