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RIYADH: Jabal Omar Development Co., one of Saudi Arabia’s largest listed property developers, has seen its losses narrow by 47 percent in the first quarter, due to improved post-pandemic business operations. Makkah-based Jabal Omar posted SR182 million ($49 million) in losses, compared to losses amounting to SR345 million a year earlier, a bourse filing showed. The slightly
Leading Saudi developer Jabal Omar has recorded solid revenue for the first three months which surged 408% year-on-year (YoY) mainly driven by increased activity in operational hotels and retail outlets related to travel and Hajj and Umrah segment.
Leading Saudi developer Jabal Omar has recorded solid revenue for the first three months which surged 408% year-on-year (YoY) mainly driven by increased activity in operational hotels and retail outlets related to travel and Hajj and Umrah segment.
Jabal Omar Development Company (JODC) has signed a strategic partnership agreement with flag-carrier Saudia airlines in a bid to provide comprehensive and enhanced services to Hajj and Umrah guests and in turn boost religious tourism in the kingdom.