Jabal Omar Development Co (JABAL OMAR) News - Mubasher Info
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Jabal Omar Development Co (4250)

Last update: 1 November 2023 03:19 PM market time.
20.80
-0.04
-0.19%
Open 20.86
Previous Close 20.84
High 20.90
Low 20.48
Stock Statistics
Volume 1,203,557
Turnover 24,915,638.40
All data are 15 minutes late during market session

News

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25 March 11:27 AM Jabal Omar Development swings to profitability in 2023
Riyadh – Mubasher: Jabal Omar Development Company shifted to profitability in 2023, recording a consolidated net profit of SAR 37.48 million, compared to a net loss of SAR 352.43 million a year earlier. Revenues surged 56.18% year-on-year (YoY) to …
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20 March 01:56 PM Jabal Omar Development receives ministerial licence to operate Jumeirah 3rd tower
Riyadh – Mubasher: Jabal Omar Development Company has received a license from the Saudi 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 …
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28 January 04:55 PM Jabal Omar obtains SAR 1.9bn loan from Al Rajhi Bank
Riyadh – Mubasher: Jabal Omar Development Company inked a SAR 1.90 billion facility deal with Al Rajhi Bank on 25 January 2024, according to a recent bourse disclosure. The financing was guaranteed by security over certain real estate assets …
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15 January 03:19 PM Jabal Omar liquidates Aliyat Marketing, merges operations
Riyadh - Mubasher: Jabal Omar Development Company has announced the liquidation of Aliyat Marketing Company, a wholly-owned subsidiary with a capital of SAR 5.60 million. The business activity of Aliyat Marketing has been consequently merged into …
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21 December 2023 11:37 AM Jabal Omar eyes capital hike via debt conversion
Riyadh – Mubasher: Jabal Omar Development Company penned two debt settlement agreements with Central District Cooling Company and Makkah Construction and Development Company. The board members of Jabal Omar recommended a capital hike by way of …
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26 November 2023 02:01 PM Jabal Omar completes redemption of $135m Sukuk
Riyadh – Mubasher: Jabal Omar Development Company has fully redeemed its Sukuk at an aggregated value of $135 million, according to a bourse disclosure. The listed firm pointed out that the value of the redeemed Sukuk reached $67.50 million, …
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8 November 2023 10:12 AM Jabal Omar turns profitable in 9M-23; revenues leap to SAR 1bn
Riyadh – Mubasher: Jabal Omar Development Company shifted to net profits after Zakat and tax valued at SAR 237.55 million in the first nine months (9M) of 2023, against losses worth SAR 157.98 million in 9M-22. The revenues hiked by 64.97% …
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14 August 2023 08:26 PM Jabal Omar’s net losses shrink in Q2, H1-23; accumulated losses near 0.6%
Riyadh – Mubasher: Jabal Omar Development Company reported 78.17% lower net losses after Zakat and tax to SAR 67.91 million in the first half (H1) of 2023 when compared to SAR 311.09 million in H1-22. The loss per share decreased to SAR 0.06 in …
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23 May 2023 10:55 AM Jabal Omar turns profitable at SAR 12m in Q1-23
Riyadh – Mubasher: Jabal Omar Development Company shifted to net profits after Zakat and tax valued at SAR 11.93 million in the first quarter (Q1) of 2023, versus net losses worth SAR 182.46 million in Q1-22. The revenues hit SAR 317.09 million as …
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2 April 2023 02:34 PM Jabal Omar turns to SAR 352.5m losses in 2022 results
Riyadh – Mubasher: Jabal Omar Development Company swung to net losses after Zakat and tax worth SAR 352.43 million in 2022, against net profits of SAR 946.21 million in 2021. Revenues stood at SAR 849.50 million last year, higher by 173.71% than …
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10 November 2022 00:37 PM Jabal Omar incurs SAR 158m losses in 9M-22; accumulated losses unveiled
Riyadh – Mubasher: Jabal Omar Development Company suffered net losses after Zakat and tax worth SAR 157.98 million in the first nine months (9M) of 2022, down 54.18% from SAR 344.77 million in 9M-21. Revenues hiked by 329.58% year-on-year (YoY) to …
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28 August 2022 11:40 AM Jabal Omar’s EGM approves raising capital to SAR 11bn
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Jabal Omar Development Company approved the board’s recommendation to raise the company’s capital to SAR 11.54 billion from SAR 9.29 billion. Hence, the company’s shares will be …
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21 August 2022 07:35 PM Jabal Omar posts higher losses in H1-22; accumulated losses hit SAR 1.49bn
Riyadh – Mubasher: The net losses after Zakat and tax of Jabal Omar Development Company enlarged by 316.29% year-on-year (YoY) to SAR 311.09 million in the first half (H1) of 2022, versus SAR 74.73 million. The company generated SAR 391.29 million …
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6 July 2022 06:37 PM CMA nods to stc, Jabal Omar's capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the requests of Saudi Telecom Company (stc) and Jabal Omar Development Company to increase their capital, according to bourse disclosures on Wednesday. stc will raise its capital …
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29 May 2022 04:52 PM Jabal Omar’s accumulated losses declines to 13% of capital in 2021
Riyadh – Mubasher: Jabal Omar Development Company’s accumulated losses plunged to SAR 1.17 billion as of 31 December 2021, representing 13% of the company’s capital. The company noted that the decrease in the accumulated losses was attributed to …
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25 May 2022 04:29 PM Jabal Omar’s losses shrink 47% in Q1-22 interim results; accumulated losses near SAR 1.5bn
Riyadh – Mubasher: Jabal Omar Development Company has incurred net losses after Zakat and tax worth SAR 182.46 million during the first quarter (Q1) of 2022, an annual plunge of 47.15% from SAR 345.30 million. Revenues leaped by 408.34% to SAR …
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31 March 2022 04:48 PM Jabal Omar turns to profitability in 2021
Riyadh–Mubasher: Jabal Omar Development Company has tuned to profitability, logging net profits after Zakat and tax worth SAR 946.21 million last year, versus net losses of SAR 1.33 billion in 2020. The company’s revenues settled at SAR 310.36 …
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13 December 2021 05:45 PM JODC obtains SAR 1bn loan from Bank Albilad
Riyadh – Mubasher: Jabal Omar Development Company (JODC) has signed a facility agreement with Bank Albilad to obtain SAR 1 billion that will be repaid in equal semi-annual instalments. The loan duration is eight years starting from 9 December …
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21 November 2021 09:57 AM JODC receives MoF's approval to restructure SAR 3bn loan
Riyadh – Mubasher: Jabal Omar Development Company (JODC) has received the approval of the Ministry of Finance (MoF) to restructure a SAR 3 billion loan. The MoF has agreed on converting SAR 1.5 billion of JODC's total existing loan amount into a …
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11 November 2021 01:26 PM Jabal Omar incurs losses in Q3, 9M
Riyadh – Mubasher: Jabal Omar Development Company logged net losses after Zakat and tax worth SAR 270.04 million during the third quarter (Q3) of 2021, an increase of 13.9% from SAR 236.95 million in Q3-20. Sales meanwhile jumped by 2,134% to SAR …
The restructuring terms include reinstating SAR 1.2 billion of available limit
5 October 2021 03:51 PM Jabal Omar Development inks deal to restructure SAR 4.7bn loan
Riyadh – Mubasher: Jabal Omar Development Company has signed an agreement to restructure the SAR 4.7 billion Islamic term financing provided by the Saudi British Bank (SABB) and Saudi National Bank (SNB). The restructuring terms include …
The transaction is expected to have a positive impact on the company
30 September 2021 00:39 PM Jabal Omar Development raises SAR 517m from land plot sale
Riyadh – Mubasher: Jabal Omar Development Company has sold a land plot of a total area of 2,600 square metres, located within its project in Makkah, via a public auction in exchange for SAR 517.463 million. The proceeds from the transaction will …
The loss per share stood at SAR 0.08 in H1-21
15 August 2021 04:40 PM Jabal Omar Development’s losses shrink in H1-21; accumulated losses exceed SAR 2bn
Riyadh – Mubasher: Jabal Omar Development Company incurred net losses after Zakat and tax worth SAR 74.73 million in the first half (H1) of 2021, lower by 89% than SAR 691.37 million in H1-20. The loss per share stood at SAR 0.08 in H1-21, down …
Sales shrank to SAR 21.57 million in Q1-21
17 May 2021 01:18 PM Jabal Omar Development incurs SAR 345m losses in Q1
Riyadh – Mubasher: Jabal Omar Development Company reported a net loss after Zakat and tax worth SAR 345.3 million during the first quarter (Q1) of 2021, an increase of 45% from SAR 237.86 million in Q1-20. The initial financial results showed a …
The transaction is expected to have a positive effect on Jabal Omar’s financials.
13 December 2020 04:46 PM Jabal Omar sells land plot for SAR 830m
Riyadh – Mubasher: Jabal Omar Development Company on Sunday signed a contract to sell a plot of land located at the company’s project site in Makkah city to an investment company. The transaction has been concluded at SAR 830 million and the buyer …