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Jabal Omar Development Company announces the opening of nomination for membership of the Board of Directors for the 5th session (Remainder Announcement)

With reference to the company’s announcement on Tadawul on 3 January 2021 regarding the opening of nomination for membership of the Board of Directors for the 5th session starting from 30 of June 2021 for a period of three years.
The company would like to remind those who are willing to nominate themselves who meet the conditions and qualifications for membership, to submit their candidacy applications before the application end date of 28 February 2021.

The nomination for the Board of Directors membership will be in accordance with the policies, standards and procedures of the Board of Directors’ membership approved by the General Assembly (attached) and related roles and regulations. Candidates will be elected at the coming General Assembly meeting, which will be announced later after obtaining necessary approvals from respective authorities.

All applications and required forms should be submitted to the Nomination and Remunerations Committee before the application end date specified above, during the official working hours (from 8:00 am to 5:00 pm) by one of the following means:

1- By mail: PO Box 7333, Jedda 23511, KSA (provided the receipt of required applications and forms prior to application end date)

2- By E-mail: corps@jodc.com.sa

For any inquiries, you may contact the following numbers: 0125106100 Ex: 1102 or 1103.

Candidates must fulfill the conditions of Board of Directors membership nomination stipulated by relevant laws and regulations and as follows:

1- Fulfill the Board of Directors membership general conditions and the nomination requirements contained in the policies, standards and procedures of the Board of Directors’ membership approved by the General Assembly (attached).

2- Submit a written request signed by the candidate declaring hisher desire to be nominated for board of directors’ membership (attached), submitted during the application period specified in the announcement, attached with all required documents.

3- Submit Form No. (1) Curriculum Vitae (CV) (attached).

4- Submit signed copy of Form No. (3) Issued by the CMA for Board membership nomination (attached), the same can be found in CMA’s website (http://cma.org.sa).

5- The candidate’s Curriculum Vitae (CV).

6- Submit a statement contains the number and dates of his/her previous memberships in joint stock companies boards and committees.

7- Attach clear photocopies of valid national ID card, family card and a passport (for non-Saudi) or commercial registration for entities that want to nominate their representatives.

The Nomination and Remunerations Committee will study all submitted applications. The General Assembly votes will only be for candidates who fulfills the conditions and nomination requirements contained in the policies, standards and procedures of the Board of Directors’ membership. The Company will announce candidates’ information in line with paragraph (a) of Article 8 of the Corporate Governance Regulations issued by the Capital Market Authority.

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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