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Jabal Omar Development Co. Announces an update on Jabal Omar Development Company announces the receipt of ZATCA notification for implementing the decision issued by TVDAC

Introduction
Reference to the announcement of Jabal Omar Development Company on TADAWUL on 2-7-1444 H corresponding to 24-1-2023G regarding the company submitting a petition request to the Appeal Committee for Zakat and Tax Violations and Disputes.to reconsider the implementation of its decision to pay the amounts of zakat assessments for the years 1434H to 2018G in an amount of SR357 million.
Jabal Omar Development Company announces that the Appeal Committee has rejected today 8 August 2023 the petition, which will result in the company’s commitment to pay the zakat assessments for the aforementioned years.

Previous Announcement
Jabal Omar Development Company announces the receipt of ZATCA notification for implementing the decision issued by TVDAC
Date of Previous Announcement on Tadawul’s Website
2023-01-24 Corresponding to 1444-07-02
Percentage of fulfilled achievement
Not applicable
Event’s Expected Completion Date
Not applicable
Reasons for Exceeding the Announced End Date
Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.
Not applicable
Impact of the Delay on the Company’s Financial Results
Not applicable

Other Disclosures

Jabal Omar Development Company Announces the Submission of the Application for the Increase of the Company’s Share Capital by Way of Debt Conversion to the Capital Market Authority

Introduction Further to the announcement of Jabal Omar Development Company (the “Company”) published on the website of the Saudi Stock Exchange (Tadawul) on 07/06/1445H corresponding to 20/12/2023G in relation to the recommendation of the Company’s board to increase its share capital by way of converting the outstanding debts owed to each of Central District Cooling […]

Correction announcement from Jabal Omar Co. in regard to its Annual consolidated financial results for the period ending on 2023-12-31.

ELEMENT LISTExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website - Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement Net profit (Loss) for the year ended 31 December 2023, reported as SAR 35.82 Correct Statement Net profit (Loss) for the year ended 31 December […]

Jabal Omar Development Co. announces its Annual consolidated financial results for the period ending on 2023-12-31

Element ListCurrent YearPrevious Year%Change Sales/Revenue1,326.72849.556.18 Gross Profit (Loss)401.0529.471,261.01 Operational Profit (Loss)623.44-175.66- Net Profit (Loss)35.82-352.43- Total Comprehensive Income35.82-352.43- Total Share Holders Equity (after Deducting Minority Equity)12,721.2612,685.150.28 Profit (Loss) per Share0.03-0.35- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTAmountPercentage Of The Capital (%) Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value -- […]

Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for its sixth session

Introduction Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for the next session, which begins on June 30, 2024, and for a period of four years ending on June 29, 2028. For individuals interested in nomination for the Board of Directors provided they meet the membership […]
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