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INVESTOR RELATIONS

Jabal Omar Development Company announces the signing of a SAR 1.6 billion Guarantee Issuance Agreement with the Ministry of Finance

Jabal Omar Development Company announces the signing of a Guarantee Issuance Agreement with the Kingdom of Saudi Arabia, acting through the Ministry of Finance (“MOF”) whereby MOF issued a guarantee to Banque Saudi Fransi for the purpose of providing Jabal Omar Development Company with credit facilities amounting to SAR 1.6 billion.
The guarantee was issued after agreeing on a number of representations and warranties to MOF, in addition to updating the mortgage registered previously to include the amount of the guarantee.
The credit facilities’ tenor will be 15 years from the date of signing the facility agreements on 8 March 2021
The facilities will be used to complete the remaining work of the Phase 3 of the Jabal Omar project, which consists of 4 towers with 2,160 rooms and a total commercial area of 26,435 sqm and 621 parking spaces.
Note that this agreement is classified as a related party agreement given the board member Mr. Thalb Al-Shamrani is a senior executive in the Ministry of Finance.

Other Disclosures

The Agenda Of The 11th Ordinary General Assembly Meeting Of Jabal Omar Development Company

Introduction The Board of Directors of Jabal Omar Development Company are pleased to invite the shareholders to attend the Ordinary General Assembly Meeting (the first meeting) which will be held virtually. This is in support of the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging […]

Jabal Omar Development Company announces the opening of nomination for membership of the Board of Directors for the 5th session (Remainder Announcement)

With reference to the company’s announcement on Tadawul on 3 January 2021 regarding the opening of nomination for membership of the Board of Directors for the 5th session starting from 30 of June 2021 for a period of three years. The company would like to remind those who are willing to nominate themselves who meet […]

Jabal Omar Development Company announces the opening of nomination for membership of the Board of Directors for the 5th session

ELEMENT LISTEXPLANATION IntroductionJabal Omar Development Company announces the opening of nomination for membership of the Board of Directors for the 5th session starting from 30 of June 2021 for a period three years. Therefore, the company invites those who willing to nominate themselves who meet the conditions and qualifications for membership, must submit their candidacy […]

Correction announcement from Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

ELEMENT LISTEXPLANATION Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website2020-12-10 Corresponding to 1442-04-25 URL of the Previous AnnouncementClick Here Incorrect statements in the previous announcement-The net loss after zakat and tax amounted to 237.74 million riyals during the third quarter of the year 2020. - The percentage change in net […]
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