Corporate News Room
Jabal Omar Development Company signs an MOU with Assalamu Alayka Ayyuha Annabi exhibition
The MOU was signed by JODC CEO, Mr. Yasser Al Sharif and the general Director of Assalamu Alayka Ayyuha Annabi exhibition, Mr. Nasir bin Misfer Al Zahrani with the presence of JODC board member Eng. Anas Serafi at JODC office branch in Jeddah. Jeddah, November 24, 2016: Jabal Omar Developing Company
Jabal Omar Development Company announces the Amendment of its Fiscal Year from Hijri to Gregorian Calendar Year.
Further to the company’s announcement on the Saudi Stock Exchange’s website (Tadawul) on 3/5/1438 - 31/1/2017, concerning the transition plan towards the International Accounting Standards for the third phase; in addition to the company’s announcement published on the Saudi Stock Exchange’s website (Tadawul)
Jabal Omar Development Company announces the Signing of a Memorandum of Understanding with Albilad Capital to sell Residential Units in the Second Phase of its Project in Makkah
JODC announces the signing of a memorandum of understanding with Albilad Capital (licensed by the Capital Market Authority “CMA”), which is the investment banking arm for Bank Albilad, on Thursday 1/8/1438 AH corresponding to 27/4/2017, for a period of 4 months from the signature date; in order to sell 93 residential units in the second phase of Jabal Omar project to the real estate fund
Jabal Omar’s Net Profit has risen to 219%, amounting to 141.6 Million Riyals in the First Half of the Year 1438 AH
JODC announced its preliminary financial results for the period ended in the past six months until 29/06/1438 AH, showing that the total revenues amounted to SAR 580,778,472 in the last six months of the year 1438 AH compared to SAR 205,309,307 for the same period last year; i.e. an increase of 183%, while the gross profit in the current period amounted to
JODC announces the Operation of Jabal Omar Hilton and the Main Convention Center in its Project in Makkah
By the grace of God Almighty, JODC announces the opening and operation of Jabal Omar Hilton Hotel and the Main Convention Center (commercial operation) on Friday, 3/7/1438 AH, corresponding to 31/3/2017, which joined the chain of hotels operated by Hilton Worldwide in Jabal Omar Project in Makkah; and that is after the company
JODC announces the results of the Extraordinary General Assembly Meeting (Second Meeting)
JODC announces the results of the 8th Extraordinary General Assembly meeting (second meeting) that was held, at 8:30 pm on Thursday, 24/6/1438 AH, corresponding to 23/3/2017, at Makkah Marriott Hotel located in Jabal Omar Project. The voting results on the Assembly’s agenda were as follows:
Supplementary Announcement from JODC regarding the Signing of a Memorandum of Understanding with the Alinma Investment to establish a Fund for the Sale and Leaseback of Real Estate Assets
Further to the company's announcement published on the Saudi Stock Exchange’s website "Tadawul" on 22/11/1437 AH, corresponding to 25/8/2016, JODC announced that on Tuesday 22/6/1438 AH, corresponding to 21/3/2017, it has signed a sale contract of three hotels: Concorde Makkah Hotel, Hilton Suites Makkah Hotel, and Hyatt Regency Hotel;
JODC announces that it has received the approval of Makkah Region Development Authority to increase the investment construction surfaces of JODP in Makkah
JODC announces that it has received the approval of Makkah Region Development Authority to increase the investment construction surfaces for the fifth, sixth and seventh phases of its project in Makkah so that the total investment construction surfaces for the entire project reaches 1,665,909 m2 out of 1,171,287 m2,
JODC wins The Best Islamic Finance Structure Award
Jabal Omar Development Company won an award for best Islamic finance structure in the Kingdom of Saudi Arabia from Islamic Finance News. The award was granted at a major ceremony in Dubai, the United Arab Emirates, in which major real estate development, banking, finance, and exchange institutions took part.
The 9th Ordinary General Assembly (Second Meeting)
JODC Board of Directors is pleased to invite the shareholders to attend the 9th Ordinary General Meeting (second meeting), which will be held, at 6:30 pm on Thursday 24/6/1438 AH, corresponding to 23/3/2017, according to Umm Al Qura calendar; at Makkah Marriott Hotel located at Jabal Omar project in Makkah; in order to review the enclosed agenda.