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Jabal Omar Development Company Announces the Appointment of Audit Committee Member

Introduction
Jabal Omar Development Company announces the Board of Directors resolution to appoint Mr. Alma Saeed Al-Moter as a member of the Audit Committee from the date of 28 3 2022 until the end of the current committee term, which ends on 2962024. This appointment will be discussed at the upcoming General Assembly Meeting for approval.

Appointed Member Name
Mr. Alma Saeed Almoter

Membership Start Date
2022-03-28 Corresponding to 1443-08-25

Brief Resume of the Appointed Member
Mr. Alma Al-Moter holds a master and bachelor’s degree in accounting with several professional certificates such as (CIA, CFE, CRMA).
Mr. Alma Al-Moter had served several positions in the General Court of Audit, National Water Company and Saudi Telecom Company.

He is currently the Chief Audit Executive at Arab Company for Internet and Communications Services (Solutions by STC)

In addition, he serves as an Audit Committee Chairman at Samama Holding Company, as well as a member of Audit Committee in the Saudi Investment Bank

Date of Board Meeting in which Appointed New Member(s) were Appointed
2022-03-27 Corresponding to 1443-08-24

Board Approval
Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

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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