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INVESTOR RELATIONS

Jabal Omar Development Company announces the Decrease of its Accumulated Losses to 13 % of the Capital

Date of accumulated losses decrease
2021-12-31 Corresponding to 1443-05-27

Amount of the Accumulated Losses
SR 1,179 million

Measures Taken by the Company to Decrease Accumulated Losses
The decrease in accumulated losses as at 31 December 2021 is mainly attributed to the following:
– Increase in revenue during 2021 compared to 2020 due to ease of COVID-19 restriction and implementation of cost optimization initiatives during 2021.

-Gain recognized on sale of 2 plots of land in Jabal Omar project which was announced on Tadawul on 13 December 2020 and 30 September 2021 respectively.

– Modification gain recognized on restructuring of Ministry of Finance direct loan which was announced on 21 November 2021

Auditor’s Report showing the Financial Position of the Company after the Decrease of the Accumulated Losses
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Other Disclosures

Correction announcement from Jabal Omar Development Company regarding the fractional shares resulting from the capital increase of the Company by way of debt conversion

Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website 2022-09-05 Corresponding to 1444-02-09 Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement There are no fractional shares resulting from the capital increase of the Company. Correct Statement There are fractional shares resulting from the capital increase of […]

Jabal Omar Development Company announces that there are no fractional shares resulting from the capital increase of the Company by way of debt conversion

Announcement Detail With reference to the announcement of Jabal Omar Development Company (the “Company”) on the Saudi Stock Exchange’s (Tadawul) website on 05/02/1444H (corresponding to 01/09/2022G) in relation to the completion of the Transaction and the listing of the New Shares that have been issued with respect to the Transaction to the eligible unitholders of […]

Jabal Omar Development Company Announces the Listing of the Consideration Shares and the Completion of the Transaction

Announcement Detail In reference to the announcement made by Jabal Omar Development Company (the “Company”) on the Saudi Stock Exchange (Tadawul) website on 01/02/1444H (corresponding to 28/08/2022G) in relation to the results of the extraordinary general assembly meeting that included the approval to increase the share capital of the Company in order to settle all […]

Jabal Omar Development Co. Announces Resignation and Appointment of a Board Member

Introduction Jabal Omar Development Company announces that the Board approved the resignation of Dr. Abdulraouf M. Mannaa, and the appointment of Mr. Saleh Abdullah Alzumai as a member of the Board of Directors. On this occasion, the board extends its sincere thanks to DR. Abdulraouf Mannaa for his efforts during his term of membership in […]
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