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INVESTOR RELATIONS

JODC announces the early repayment of the National Commercial Bank loan of SAR 4 billion

Jabal Omar Development Company announces today, Thursday, November 9, 2017, the early repayment of the National Commercial Bank loan of SAR 4 billion, paid in full, in addition to all commissions and expenses relating to the loan.

Under the payment process, all the legal and financial obligations and the existing mortgage in favor of the bank will be canceled. Therefore, all assets in phase one of Jabal Omar project will be released, including 5 hotel properties in addition to Souk Al Khalil.

The financial impact is expected to reflect positively on the revenues and equity during the fourth quarter of this year.

Other Disclosures

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 […]

Jabal Omar Development Company Announces the receipt of a license from the Ministry of Tourism to operate the third tower of Jabal Omar Jumeirah Hotels in its project in Makkah

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, […]
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