Jabal Omar Development Company is a Saudi joint-stock company listed on the Saudi Stock Exchange (Saudi Tadawul). It was established in Makkah al-Mukarramah in 2006. The company's primary focus is the development of the Jabal Omar area located to the west of the Grand Mosque courtyard.
It was listed on the Saudi Tadawul on December 1, 2007. Its shares are traded on the main market within the Real Estate Management and Development sector under the name "Jabal Omar" with the symbol (4250) and ISIN (SA000A0MR864). The company's capital is SAR11.54 billion.
Jabal Omar Company projects
Jabal Omar Development Company owns several projects, including Jabal Omar Hilton Suites, Jabal Omar Hilton Convention Hotel, Jabal Omar Hyatt Regency, Jabal Omar Marriott, Jabal Omar Conrad, and other hotel properties. Additionally, it owns commercial markets such as Souk al-Khalil and Souk Makkah Gate.
Jabal Omar Company activity
Jabal Omar Development Company is engaged in developing and constructing the Jabal Omar area adjacent to the western courtyard of the Grand Mosque, as well as other areas within the Kingdom. Its activities include owning and developing properties into organized plots, managing, investing in, selling, and leasing them, owning land plots for urban development, performing necessary construction, maintenance, demolition, and surveying work, managing, operating, and furnishing hotels, managing, operating, and maintaining commercial facilities, managing, operating, and maintaining employee and hotel staff housing, importing and exporting equipment, machinery, and furniture related to the company's activities, operating specialized training institutes in hospitality and hotel management, and providing private security services.
Contributions of Jabal Omar Company
Jabal Omar Company makes several contributions, including community initiatives. The company supports the state's efforts to promote localization by enhancing the participation of Saudi women and supporting Saudi youth through job opportunities in various fields within the company. It seeks to provide training opportunities for university students and offers necessary consultations. The company also contributes to enriching the religious, living, cultural, and entertainment experiences of visitors. All of this is part of an integrated service system with a capacity to accommodate up to seven million guests annually and over five hundred thousand visitors during the Hajj season.
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