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INVESTOR RELATIONS

Jabal Omar Development Company announces selling a land plot in its project located in Makkah

Transaction Details
On 19 July 2023, Jabal Omar Development Company signed a contract to sell a land plot with a total area of 3,065.74 sqm located within its project in Makkah

Transaction Value
SR 521,175,800 in addition to the buyer bearing the real estate transaction tax and brokerage fees

Transaction Terms
No transaction terms

Parties of the Transaction
Jabal Omar Development Company and Areeb Advanced Real Estate Company

Transaction Funding Method
Not Applicable

Transaction Execution Date
2023-07-19 Corresponding to 1445-01-01

Description of the Business of the Asset forming the Subject Matter of the Transaction
Parcel of land

Asset Book Value
SR 130,748,899 Including development value

Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction
Not Applicable

Transaction reasons
Execute the company’s plans for financial restructuring and completing the construction work of the outstanding phases

Expected Impact of the Transaction on the Company and Its Operations
The deal is expected to have a positive impact on the company’s financial results after the completion of the process of the land deed’s transfer

Details of Using The Proceeds of the Asset Sale
The sale proceeds will be used to complete the construction works for the project phases

Related Parties
No related parties

Other Disclosures

Jabal Omar Development Company Announces the Submission of the Application for the Increase of the Company’s Share Capital by Way of Debt Conversion to the Capital Market Authority

Introduction Further to the announcement of Jabal Omar Development Company (the “Company”) published on the website of the Saudi Stock Exchange (Tadawul) on 07/06/1445H corresponding to 20/12/2023G in relation to the recommendation of the Company’s board to increase its share capital by way of converting the outstanding debts owed to each of Central District Cooling […]

Correction announcement from Jabal Omar Co. in regard to its Annual consolidated financial results for the period ending on 2023-12-31.

ELEMENT LISTExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website - Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement Net profit (Loss) for the year ended 31 December 2023, reported as SAR 35.82 Correct Statement Net profit (Loss) for the year ended 31 December […]

Jabal Omar Development Co. announces its Annual consolidated financial results for the period ending on 2023-12-31

Element ListCurrent YearPrevious Year%Change Sales/Revenue1,326.72849.556.18 Gross Profit (Loss)401.0529.471,261.01 Operational Profit (Loss)623.44-175.66- Net Profit (Loss)35.82-352.43- Total Comprehensive Income35.82-352.43- Total Share Holders Equity (after Deducting Minority Equity)12,721.2612,685.150.28 Profit (Loss) per Share0.03-0.35- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTAmountPercentage Of The Capital (%) Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value -- […]

Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for its sixth session

Introduction Jabal Omar Development Company announces the opening of nominations for membership in the company’s Board of Directors for the next session, which begins on June 30, 2024, and for a period of four years ending on June 29, 2028. For individuals interested in nomination for the Board of Directors provided they meet the membership […]
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