Media

Corporate News Room

Browse:

Jabal Omar Development Company Co-Sponsors Second Fawanees Makkah Festival

Jabal Omar Development Company has co-sponsored the second edition of the Fawanees Makkah festival held during the holy month of Ramadan. The festival, which was inaugurated by the Under-Secretary of Makkah Dr. Hisham bin Abdul Rahman, was organized by the Makkah Chamber of Commerce and took place throughout 15-25 May 2019.

The second Fawanees Makkah festival targets Makkah residents and visitors during the holy month through a unique variety of programs and events, with a special focus on young entrepreneurs invested in food trucks.

Jabal Omar Development Company seeks to support all national festivals, especially those held in Makkah, in order to support national initiatives and as part of the company’s community service programs, as this heritage festival supports productive families through their participation in showcasing and selling their products to visitors.

For his part, Chairman of the Makkah Chamber of Commerce Mr. Hisham bin Mohammed Kaaki expressed his appreciation to Jabal Omar Development Company for its continued support of the chamber’s activities and forums; praising the partnership between both parties and encouraging other national companies to participate in these initiatives.

Other Press Releases

JODC Shareholders Approve Landmark Alinma Fund Debt to Equity Transaction, Set to Issue 225 Million New Shares in Return for Settling SAR 5.3 billion in Outstanding Debt Owed to the Fund

Makkah, KSA; 28 August 2022: Jabal Omar Development Company (“JODC” or the “Company”) (Tadawul: 4250), one of the largest real estate developers in Saudi Arabia and the master developer of the iconic mega mixed-used project in Makkah, Jabal Omar, received shareholder approval for issuing new ordinary shares in the JODC to the unitholders of the […]

JODC’s H1 2022 Revenue Surges to Near Pre-Pandemic Levels on Recovery in Umrah Activity

Government’s exceptional management of the pandemic and easing of the restrictions on pilgrimage activities led to a significant increase in the number of pilgrims Revenue in H1 was SAR 391 million, more than tripling year on year Sustained improvement in gross profit driven by Company’s transformation strategy Company expects to bring in new sources of […]

JODC received the Ministry of Finance’s approval to restructure SAR 3 billion existing loan facility

Makkah, Saudi Arabia; 21 November 2021: Jabal Omar Development Company (“JODC” or the “Company”), one of the largest real estate development companies in the Kingdom of Saudi Arabia, announced today the receipt of the Ministry of Finance’s approval to restructure an existing SAR 3 billion Murabaha loan facility. This agreement will have several immediate and […]

Jabal Omar Development Company Secures Over Half a Billion Saudi Riyals from Land Plot Sale in Jabal Omar Project

Makkah, KSA; 30 September 2021: Jabal Omar Development Company (JODC) (Tadawul: 4250), one the largest real estate developers in Saudi Arabia, today announced it has sold a parcel of land within its project via a public auction for SAR 517 million. The proceeds from the strategic land sale will enable the Company to progress with […]
Open form