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INVESTOR RELATIONS

Jabal Omar Development Company announces the signing of Murabaha facility agreement with Al Rajhi Bank.

Introduction
Jabal Omar Development Company announces the signing of SR 1.9 billion facility agreement with Al Rajhi Bank.
Date of obtaining the funding
2024-01-25 Corresponding to 1445-07-13
Financing entity
Al Rajhi Bank.
Financing amount
SR 1.900.000.000
Financing duration
2 years
Guarantees offered for the financing
Security over certain real estate assets within the Jabal Omar ProjectMinistry of Finance guarantee by agreeing on a number of representations and warranties to MOF, and mortgaging lands in favor of the MOF.
Financing objective
Accelarating the completion of the phases of under construction assets and paying financiahl obligations.
Related Parties
None
Additional Information
It is worth noting that there is an indirect interest for Mr. Abdulaziz Al-Rajhi, as he is a relative of the Chairman of the Board of Directors of Al-Rajhi Bank, and Mr. Thalib Al-Shamrani – as he is one of the senior executives in the Ministry of Finance. Accordingly, the transaction will be presented to the next General Assembly for authorization.

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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