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INVESTOR RELATIONS

JODC announces the latest developments on adjusting the Saudi Ministry of Finance’s loan

Referring to JODC’s announcement posted on the Saudi Stock Exchange (Tadawul) dated 18/1/1433 – 13/12/2011 on signing of a Financing Loan Agreement with the Ministry of Finance, under which the Saudi Ministry of Finance will provides a business loan to JODC in the amount of three billion Saudi Riyals.

JODC would like clarify that it is currently working with the Ministry of Finance to transfer the loan to a MURABAHA loan compatible with the provisions of the Islamic Sharia.

According to the Financing Loan Agreement, JODC is entitled to transfer the current loan to a loan compatible with the Islamic Sharia law, which requires changing existing contracts to an Islamic Murabaha Facility Agreement. Under which the loan to be compatible with the provisions of Islamic Sharia law, and the statute of the company. The synchronization process is expected to be completed on the third quarter of 2017.

The same will also maintain the financial value of the loan, and there will not be any financial impact on the company’s financial statements.

Other Disclosures

Jabal Omar Development Company announce appointing the Chairman and Vice Chairman of the Board of Directors

Jabal Omar Development Company announces the appointment of Mr. Saeed Mohammed Alghamdi as Chairman of the board and Mr. Thalib Ali AlShamarani as Vice Chairman, effectively from June 30, 2021 and for a period of three years.

Jabal Omar Development Company announces the results of the 12th Ordinary General Assembly Meeting (The First Meeting)

Introduction Jabal Omar Development Company announces the results of the 12th 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 2021-05-27 Corresponding to 1442-10-15 Time of the General Assembly’s Meeting 19:30 Percentage of Attending Shareholders 28.33 % Names […]

Jabal Omar Development Company announces starting the electronic voting on the agenda items of the 12th General Assembly Meeting (First Meeting) (Reminder Announcement)

With reference to the company’s announcement on Tadawul dated 23 May 2021 regarding starting the electronic voting on the agenda items of the General Assembly Meeting; which will be held on Thursday 15 Shawwal 1442, corresponding to 27 May 2021 at 7:30 p.m. by means of modern technology. The Company would like to remind shareholders […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE Sales/Revenue21.57189.79-88.63431.72-31.998 Gross Profit (Loss) -88.45-1.685,164.88-176.57-49.906 Operational Profit (Loss)-137.57-84.1463.501-330.57-58.384 Net Profit (Loss) after Zakat and Tax-345.3-237.8645.169-421.23-18.025 Total Comprehensive Income -345.3-237.8645.169-423.05-18.378 All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Total Share Holders Equity (after Deducting Minority Equity)6,643.048,074.85-17.731 Profit (Loss) per Share-0.37-0.26 All […]
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