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 […]

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 […]

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 -- […]

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 […]

Announcement Detail Jabal Omar Development Company announces that it has received on Tuesday 19 March 2024, the license of the Ministry of Tourism to operate the third tower of the Jabal Omar Jumeirah hotel with a five-star rating. The third tower includes 244 luxurious and modern style rooms and suites in addition to a restaurant, […]

Previous Announcement the obtained initial permit from the Ministry of Hajj and Umrah to provide service to pilgrims abroad Date of Previous Announcement on Saudi Exchange’s Website 2024-01-11 Corresponding to 1445-06-29 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The company has obtained the final […]

Appointed Member Name Mr. Hesham Abdulaziz Alzaid Membership Start Date 2024-01-31 Corresponding to 1445-07-19 Brief Resume of the Appointed Member Mr. Hesham Alzaid currently holds the position of Executive Director of Real Estate Investment at Awqaf Investment Company – the investment arm of the General Authority for Awqaf and he holds a bachelor’s degree in […]

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 […]

Announcement Detail Jabal Omar Development Company announces that it has received on Thursday 18 Jan 2024, the license of the Ministry of Tourism to operate the second tower of the Jabal Omar Jumeirah hotel with a five-star rating. The second tower includes 244 luxurious and modern style rooms and suites in addition to a restaurant, […]

Announcement Detail Jabal Omar Development Company announces that it has obtained an initial permit from the Ministry of Hajj and Umrah to provide Hajj service to pilgrims abroad for (80) thousand pilgrims. The company is currently working on completing the necessary procedures to obtain the final permit. This comes within the company’s strategy to enhance […]