Media

INVESTOR RELATIONS

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), in addition to 2 restaurants, cafe, meetings rooms and business center, executive lounges, multi-purpose halls, a fitness center, health club and commercial spaces. It is worth mentioning that Jabal Omar The Address consist of two towers, each tower contains 44 hotel floors, two helipads, and it has the highest hanging mosque in the world overlooking the Kabaa.

The company is currently working on handing over the second tower to the operator and completing the necessary procedures to obtain permits from the relevant authorities to operate the tower.

The opening of hotel is a continuation of the implementation of the strategic transformation plan, which enables the company to keep pace with the goals of the Kingdom’s Vision 2030 and enhance the level of quality in the tourism and hospitality sector in the Kingdom of Saudi Arabia.

It is expected that the operation of the hotel will have a positive financial impact on the company’s revenues during the year 2023.

Other Disclosures

Jabal Omar Development Company announces the full and final redemption of its Sukuk

Introduction Jabal Omar Development Company announces the full and final redemption of its Sukuk of the aggregate face amount of USD 135,000,000 Offer Type Sukuk certificates Value of the redeemed (sukuk bonds) USD 67,500,000 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 […]

Jabal Omar Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

Introduction The Board of Directors of Jabal Omar Development Company are pleased to invite the shareholders to attend the Extraordinary General Assembly meeting of the company, which will be conducted virtually via Tadawulaty Platform at 19:30 on Wednesday, 29-5-1445 Corresponding to 13-12-2023 City and Location of the General Assembly’s Meeting Makkah – the company’s headquarters- […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER%CHANGE Sales/Revenue234.62218.637.31454.46-48.37 Gross Profit (Loss)47.527.98495.49236.68-79.92 Operational Profit (Loss)20.71-92.86-213.38-90.29 Net Profit (Loss) after Zakat and Tax305.46153.1199.5-79.84- Total Comprehensive Income305.46153.1199.5-79.84- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue 1,006.17609.9264.97 Gross Profit (Loss)406.4679.49411.33 Operational Profit (Loss)336.22-123.98- Net Profit (Loss) after Zakat and Tax237.55-157.98- […]

Jabal Omar Development Co. Announces Appointment Audit Committee Member

Introduction Jabal Omar development Company announces its Board of Directors’ resolution issued on 18-4-1445 Corresponding to 2-11-2023 to appoint Mr. Mazen Fawaz Baghdadi (Independent Board Member) as a member of the Audit Committee, provided that this appointment is effective from the date of this resolution until the end date of the current Board of Directors […]
Open form