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INVESTOR RELATIONS

JODC announcing signing a contract to lease one of its hotels in Makkah

Further to JODC’s announcement published on the Saudi Stock Exchange or (Tadawul) on 11 June 2017, concerning signing an agreement to rent Jabal Omar Marriott hotel to Abdul Mohsen Alhokair Group for Tourism and Development.

JODC clarifies that renting the hotel costs 33,500,000 Saudi Riyals annually. This will be for the first 14 years after signing the contract. On the 15th year, the rental cost will drop to 31,000,000 Saudi riyals. The total rental value is 500,000,000 Saudi riyals for the over-all duration of the lease (15 years).

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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