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Jeddah Governor honors “Jabal Omar” for sponsoring Startup Saudi Arabia Forum

Prince Mishal bin Majed, Jeddah Governor, has honored Jabal Omar Development Company (JODC) for sponsoring the Startup Saudi Arabia Forum 2018. CEO Yasser Al-Sharif received the plaque on behalf of the company.
The sponsoring of this event comes in line with JODC committed belief in serving the community and supporting startup businesses that offer services related to the hospitality industry and management of commercial centers. The company attaches a great priority in developing and honing the skills of outstanding Saudi cadre.

Jabal Omar collaborates with the startup businesses to set up a platform linking all entrepreneurs with one another and giving them an opportunity to market their services and products to customers and play an efficient role in improving and enriching the experience of visitors, pilgrims and Umrah performers.
The company’s strategy aims to develop the business of startups, enhance their role in strengthening the national economy and supporting the knowledge-based economy and regional leadership. It also focuses on expanding the productivity of startups and creating an environment conducive to creativity and knowledge as well as technological innovation.
The forum connects entrepreneurs with investors to develop their businesses and help them contribute to supporting the national economy.

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 […]
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