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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 submission of the application of the increase of the company’s capital through debt conversion to the capital market authority

Introduction Further to the announcement made by Jabal Omar Development Company (the “Company”) published on the Saudi Exchange website on 2091443 (corresponding to 2142022G) in relation to the recommendation of its Board of Directors to increase its capital through debt conversion, the Company announces that it has submitted an application to increase its capital to […]

Jabal Omar development company announces the appointment of a financial advisor to manage the application for the company’s capital increase through debt conversion

Introduction Further to the announcement made by Jabal Omar Development Company (the “Company”) published on the Saudi Exchange website on 06/02/1443H (corresponding to 13/09/2021G) that contains the appointment of SNB Capital as the Company’s financial advisor in relation to the Transaction, the Company announces that SNB Capital will manage the Company’s application to increase its […]

Jabal Omar development company announces the board’s recommendation to increase capital through debt conversion

Introduction Further to the announcement made by Jabal Omar Development Company (the “Company”) published on the Saudi Exchange website on 02/09/1443H (corresponding to 03/04/2022G) in relation to the execution of a legally binding transaction agreement with the manager of Alinma Makkah Real Estate Fund (the “Fund”) to implement the Transaction on 01/09/1443H (corresponding to 02/04/2022G), […]

Correction announcement from Jabal Omar Development Co. in regard to the consolidated financial results for the year ending on 12-31-2021

Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website 2022-04-03 Corresponding to 1443-09-02 URL of the Previous Announcement Click Here Incorrect statements in the previous announcement 1) We draw attention to note 1 of the consolidated financial statements, which describes that AlInma Makkah Real Estate Fund’s (“Fund”) balances and transactions as […]
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