Media

INVESTOR RELATIONS

Jabal Omar Development Company announces the partial early redemption of SUKUK

Introduction
Jabal Omar Development Company announces the partial early redemption of sukuk amounting to USD 67,500,000 in aggregate face amount of its Certificates (out of total face amount of USD 135,000,000) that were issued on November 15, 2018 and its original maturity date is 15 November 2023.

Accordingly, the redemption amount together with any periodic distribution amounts that would be due will be transferred to the Sukukholders’ accounts based on their respective holdings.

Offer Type
Sukuk certificates

Value of the redeemed (sukuk bonds)
USD 67,500,000

Percentage of fulfilled achievement
Not applicable

Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk)
50 %

Number of redeemed (bonds/sukuk)
337.5 Suk

Issuance Date
2018-11-15 Corresponding to 1440-03-07

Trading End Date
2023-11-15

Sukuk Par Value at Redemption Date
200,000 USD

Total issuance value after redemption
USD 67,500,000

Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts
2022-03-04 Corresponding to 1443-08-01

Name of the Entity Responsible for the Deposit and Contact Details
The Paying Agent

  • HSBC Bank plc
  • 8 Canada Square
  • London E14 5HQ
  • United Kingdom

Fax Number: +44 845 587 0429
Email: ctla.csm@hsbc.com; ctla.payingagency@hsbc.com
Attention: The Senior Manager, CT Client Services, Corporate Trust & Loan Agency

Additional Information
This step forms part of the company’s turnaround plan that aimed at improving the company’s funding structure and reducing its financial obligations and financing costs.

Other Disclosures

Jabal Omar Development Company invites its shareholders to attend the 13th Ordinary General Assembly Meeting (The First Meeting) by means of modern technology

Introduction The Board of Directors of Jabal Omar Development Company are pleased to invite the shareholders to attend the Ordinary General Assembly meeting of the company, which will be conducted virtually via Tadawulaty Platform. City and Location of the General Assembly’s Meeting Makkah – the company’s headquarters- by Means of Modern Technology URL for the […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER%CHANGE Sales/Revenue317.09109.65189.18239.5832.35 Gross Profit (Loss)122.25-25.74--27.73- Operational Profit (Loss)102.13-72.23--66.94- Net Profit (Loss) after Zakat and Tax11.93-182.46--194.45- Total Comprehensive Income11.93-182.46--197.61- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Total Share Holders Equity (after Deducting Minority Equity)12,697.08 7,744.2663.95 Profit (Loss) per Share0.01-0.2- All figures […]

Jabal Omar Development Company announces the receipt of Ministry of Tourism License to operate the first tower of Jabal Omar Address Hotels in its project in Makkah Al-Mukarramah

Announcement Detail Jabal Omar Development Company announces that it has received today, Thursday May 18 2023, the license of the Ministry of Tourism to operate the first tower of the Jabal Omar Address hotels with a five-star rating. The first tower includes 742 rooms and suites (out of which 51 rooms have been sold off-plan), […]

Jabal Omar Development Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

Element ListCurrent YearPrevious Year%Change Sales/Revenue849.5310.36173.71 Gross Profit (Loss)51.76-224.64- Operational Profit (Loss)-190.91-458.34-58.35 Net Profit (Loss) after Zakat and Tax-352.43946.21- Total Comprehensive Income-355.59948.7- Total Share Holders Equity (after Deducting Minority Equity)13,385.15 8,626.7255.16 Profit (Loss) per Share-0.351.02- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTEXPLANATION The reason of the increase (decrease) in the net profit during […]
Open form