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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.

Other Disclosures

Jabal Omar Development Company announces restructuring of the Islamic term financing provided by SABB and SNB

Introduction Jabal Omar Development Company announces signing an agreement to restructure the Islamic term financing (the “Facility”) provided by SABB and SAMBA (SNB currently) under certain financing the agreements originally entered into on May 2015. Key terms of the restructuring included the following: • Reinstating SR 1.2 billion of available limit to be drawn • […]

Jabal Omar Development Company announces selling a land plot in its project located in Makkah

Transaction Details On 29 September 2021, Jabal Omar Development Company sell a land plot with a total area of 2,600 sqm located within its project in Makkah Transaction Value SR 517,463,680 in addition to the buyer bearing the real estate transaction tax and brokerage fees Transaction Terms No transaction terms Parties of the Transaction Jabal […]

Jabal Omar Development Company announces the submission of a non-binding offer to the manager of the Alinma Makkah Real Estate Fund relating to the full settlement of the rights and obligations in respect of the Fund’s assets

Further to the announcement made by Jabal Omar Development Company (the “Company”) via the website of the Saudi Exchange on 22 March 2017G, in relation to the sale of three hotels and a commercial area to Alinma Makkah Real Estate Fund (the “Fund”) and subsequently re-leasing such assets, which were to be operated by the […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE Sales/Revenue77.291.395,460.43121.57258.321 Gross Profit (Loss)-46.75-138.07-66.14-88.45-47.145 Operational Profit (Loss)-227.41-222.142.372-137.5765.304 Net Profit (Loss) after Zakat and Tax270.57-453.51--345.3- Total Comprehensive Income270.57-453.51--345.3- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue98.86159.99-38.208 Gross Profit (Loss)-135.2-139.75-3.255 Operational Profit (Loss)-364.98-306.2819.165 Net Profit (Loss) after Zakat and Tax […]
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