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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 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 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 […]

Jabal Omar Development Company announces the relocation of its headquarters

Announcement Detail Jabal Omar Development Company announces the relocation of its former headquarters in Makkah – Al-Takhasosy District to its project located next to the Holy Mosque The relocation will be on Tuesday 16 Rajab 1444H corresponding to 7 February 2023, the contact details as follows: Phone: 0125106100 Building No. 6978, Ext. 3655, Postal Code […]
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