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INVESTOR RELATIONS

JODC announces the Operation of Jabal Omar Hilton and the Main Convention Center in its Project in Makkah

JODC announces the opening and operation of Jabal Omar Hilton Hotel and the Main Convention Center (commercial operation) on Friday, 3/7/1438 AH, corresponding to 31/3/2017, which joined the chain of hotels operated by Hilton Worldwide in Jabal Omar Project in Makkah; and that is after the company has obtained the permits of the concerned authorities, and the permit of the General Authority for Tourism and Antiquities to run the hotel and the main convention center, and its classification as five-star hotel.

It is worth mentioning that the hotel overlooks the Grand Mosque, and consists of 20 residential floors, including 764 rooms and suites with a luxurious and contemporary style. The hotel includes a VIP lounge, a gym, and three main restaurants. The main convention center can accommodate 1380 persons, and 7 separate meetings halls.

The company would like to point out that this hotel and the main convention center are fully owned by JODC, and were not part of Alinma Investment Fund’s deal. The impact will start positively on the shareholders’ equity in the company starting from the third quarter of the current fiscal year.

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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