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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 invites its shareholders to attend the 12th 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 participate and vote in the 12th Ordinary General Assembly Meeting (the first meeting) which will be held at 7:30 pm on Thursday 15 Shawwal 1442 Corresponding to 27 May 2021through means of modern technology. This is in support […]

Standards and controls for competition of a board member to the company’s business or any of its branches of activity Version 1

This Standards and controls have been prepared to fulfill the requirements of Article 46 of the Corporate Governance Regulations issued by the Capital Market Authority, which requires setting standards – approved by the General Assembly – to verify that a member of the Board of Directors is competing for the company’s business or competing in […]

Jabal Omar Development Company announces the results of the 11th Ordinary General Assembly Meeting (The First Meeting)

Introduction Jabal Omar Development Company announces the results of the 11th 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 2021-04-22 Corresponding to 1442-09-10 Time of the General Assembly’s Meeting 22:30 Percentage of Attending Shareholders 53.34 % Names […]

Jabal Omar Development Company announces starting the electronic voting on the agenda items of the 11th General Assembly Meeting (First Meeting)

With reference to the company’s announcement on Tadawul dated 31 March 2021 regarding inviting the shareholders to attend the 11th General Assembly Meeting (first meeting) which will be held on Thursday 10 Ramadan 1442, corresponding to 22 April 2021 at 10:30 p.m. by means of modern technology. ¬¬ The Company would like to announce that […]
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