Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ر.س0.099 (vs ر.س0.80 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.099 (down from ر.س0.80 in 1Q 2025). Revenue: ر.س739.2m (down 1.1% from 1Q 2025). Net income: ر.س117.0m (down 88% from 1Q 2025). Profit margin: 16% (down from 126% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Jabal Omar Development Company, Annual General Meeting, May 14, 2026 Jabal Omar Development Company, Annual General Meeting, May 14, 2026, at 19:30 Arab Standard Time. Location: mekkah Saudi Arabia Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: ر.س2.03 (vs ر.س0.17 in FY 2024) Full year 2025 results: EPS: ر.س2.03 (up from ر.س0.17 in FY 2024). Revenue: ر.س2.11b (up 11% from FY 2024). Net income: ر.س2.39b (up ر.س2.19b from FY 2024). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ر.س0.17 (vs ر.س0.18 loss in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.17 (up from ر.س0.18 loss in 3Q 2024). Revenue: ر.س323.9m (up 27% from 3Q 2024). Net income: ر.س197.9m (up ر.س401.5m from 3Q 2024). Profit margin: 61% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2025 earnings released: ر.س0.03 loss per share (vs ر.س0.03 profit in 2Q 2024) Second quarter 2025 results: ر.س0.03 loss per share (down from ر.س0.03 profit in 2Q 2024). Revenue: ر.س501.7m (down 20% from 2Q 2024). Net loss: ر.س42.1m (down 226% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: ر.س0.80 (vs ر.س0.016 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.80 (up from ر.س0.016 in 1Q 2024). Revenue: ر.س747.7m (up 26% from 1Q 2024). Net income: ر.س945.9m (up ر.س926.9m from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
Jabal Omar Development Company, Annual General Meeting, May 20, 2025 Jabal Omar Development Company, Annual General Meeting, May 20, 2025, at 19:30 Arab Standard Time. Location: mekkah Saudi Arabia Announcement • Apr 10
Jabal Omar Development Company Announces CEO Changes Jabal Omar Development Company announced Abdulrahman Abdulqader Bajunaid's resignation from his position as CEO, according to a bourse statement. The resignation will be effective from 30 April 2025. Meanwhile, Saleh Habdan Alhabdan will succeed as the new CEO, effective on 4 May. Alhabdan holds a master's degree in Industrial Engineering Sciences and has more than 33 years of professional experience after taking over several positions and responsibilities. He was appointed as the CEO of Sircon General Contracting Company for 12 years. In mid-2019, he served as the CEO of Taiba Investments. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. New Risk • Mar 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 179% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: ر.س0.17 (vs ر.س0.032 in FY 2023) Full year 2024 results: EPS: ر.س0.17 (up from ر.س0.032 in FY 2023). Revenue: ر.س1.90b (up 43% from FY 2023). Net income: ر.س200.1m (up 434% from FY 2023). Profit margin: 11% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Nov 20
Jabal Omar Development Company Appoints Abdulrahman Abdulqader Bajunaid as CEO Effective from 1 January 2025 Jabal Omar Development Company has named Abdulrahman Abdulqader Bajunaid as its new CEO, effective from 1 January 2025. The board members approved the appointment on 19 November 2024. Bajunaid has more than 24 years of experience in the real estate development and banking sectors. He held several executive positions in banks, including the regional head of corporate banking at Saudi Hollandi Bank and Gulf International Bank. He also served as the CEO of Rafal Real Estate Development Company as well as Al Jomaih Energy and Water Company. The new CEO holds a bachelor's degree in Finance from King Fahd University of Petroleum and Minerals University. Reported Earnings • Nov 09
Third quarter 2024 earnings released: ر.س0.18 loss per share (vs ر.س0.27 profit in 3Q 2023) Third quarter 2024 results: ر.س0.18 loss per share (down from ر.س0.27 profit in 3Q 2023). Revenue: ر.س256.0m (up 9.1% from 3Q 2023). Net income: ر.س203.6m (down 33% from 3Q 2023). Profit margin: 80% (down from 130% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Nov 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Aug 12
Second quarter 2024 earnings released: EPS: ر.س0.03 (vs ر.س0.069 loss in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.03 (up from ر.س0.069 loss in 2Q 2023). Revenue: ر.س625.1m (up 38% from 2Q 2023). Net income: ر.س33.3m (up ر.س113.2m from 2Q 2023). Profit margin: 5.3% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 24
First quarter 2024 earnings released: EPS: ر.س0.016 (vs ر.س0.012 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.016 (up from ر.س0.012 in 1Q 2023). Revenue: ر.س592.9m (up 87% from 1Q 2023). Net income: ر.س19.0m (up 60% from 1Q 2023). Profit margin: 3.2% (down from 3.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • May 17
Jabal Omar Development Company, Annual General Meeting, Jun 09, 2024 Jabal Omar Development Company, Annual General Meeting, Jun 09, 2024, at 19:30 Arab Standard Time. Location: mekkah Saudi Arabia Announcement • May 10
Jabal Omar Development Company Announces CEO Changes The Board of Jabal Omar Development Company accepted the resignation of Khalid Mohammed Al Amoudi from his position as CEO. Al Amoudi is set to resign on 30 May 2024 to continue his professional career. The company's board delegated Saad Mushabab bin Aiban to the position of CEO as of 31 May. New Risk • Apr 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 690% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 04
Full year 2023 earnings released: EPS: ر.س0.03 (vs ر.س0.35 loss in FY 2022) Full year 2023 results: EPS: ر.س0.03 (up from ر.س0.35 loss in FY 2022). Revenue: ر.س1.33b (up 56% from FY 2022). Net income: ر.س37.5m (up ر.س389.9m from FY 2022). Profit margin: 2.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Jabal Omar Development Company Announces That It Has Obtained an Initial Permit from the Ministry of Hajj and Umrah to Provide Service to Pilgrims Abroad Jabal Omar Development Company announced that it has obtained an initial permit from the Ministry of Hajj and Umrah to provide Hajj service to pilgrims abroad for (80) thousand pilgrims. The company is currently working on completing the necessary procedures to obtain the final permit. This comes within the company's strategy to enhance its revenues by taking advantage of the opportunities in the stages of the value chain in the Hajj and Umrah system and the hospitality sector in Makkah Al-Mukarramah. The company will announce fundamental developments in due course. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: ر.س0.27 (vs ر.س0.15 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.27 (up from ر.س0.15 in 3Q 2022). Revenue: ر.س234.6m (up 7.3% from 3Q 2022). Net income: ر.س305.5m (up 100% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
Second quarter 2023 earnings released: ر.س0.069 loss per share (vs ر.س0.14 loss in 2Q 2022) Second quarter 2023 results: ر.س0.069 loss per share (improved from ر.س0.14 loss in 2Q 2022). Revenue: ر.س454.5m (up 61% from 2Q 2022). Net loss: ر.س79.8m (loss narrowed 38% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Full year 2022 earnings released Full year 2022 results: Revenue: ر.س849.5m (up 174% from FY 2021). Net loss: ر.س352.4m (down 137% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ر.س0.17 (vs ر.س0.29 loss in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.17 (up from ر.س0.29 loss in 3Q 2021). Revenue: ر.س218.6m (up 407% from 3Q 2021). Net income: ر.س153.1m (up ر.س423.1m from 3Q 2021). Profit margin: 70% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Vice Chairman Thalib Al-Shamrani was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 29
Jabal Omar Development Company Announces Board Changes Jabal Omar Development Company announced that the Board approved the resignation of Dr. Abdulraouf M. Mannaa, and the appointment of Mr. Saleh Abdullah Alzumai as a member of the Board of Directors. The Board also welcomes Mr. Saleh Alzumai as a member of the Board of Directors, wishing him success. Mr. Saleh Zumaie is currently a Senior VP and Head of Retail Banking in Alinma Bank. Prior to that, he was the General Manager of Digital and Payments in Al Rajhi Bank. Mr. Saleh holds a bachelor's degree in English language from Imam Muhammad bin Saud Islamic University. Reported Earnings • Aug 22
Second quarter 2022 earnings released: ر.س0.14 loss per share (vs ر.س0.29 profit in 2Q 2021) Second quarter 2022 results: ر.س0.14 loss per share (down from ر.س0.29 profit in 2Q 2021). Revenue: ر.س281.6m (up 264% from 2Q 2021). Net loss: ر.س128.6m (down 148% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
First quarter 2022 earnings released: ر.س0.20 loss per share (vs ر.س0.37 loss in 1Q 2021) First quarter 2022 results: ر.س0.20 loss per share (up from ر.س0.37 loss in 1Q 2021). Revenue: ر.س109.6m (up 408% from 1Q 2021). Net loss: ر.س182.5m (loss narrowed 47% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Vice Chairman Thalib Al-Shamrani was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: ر.س1.02 (vs ر.س1.44 loss in FY 2020) Full year 2021 results: EPS: ر.س1.02 (up from ر.س1.44 loss in FY 2020). Revenue: ر.س310.4m (up 76% from FY 2020). Net income: ر.س946.2m (up ر.س2.29b from FY 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: ر.س0.29 loss per share (vs ر.س0.25 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: ر.س43.1m (up ر.س41.2m from 3Q 2020). Net loss: ر.س270.0m (loss widened 14% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ر.س0.29 (vs ر.س0.52 loss in 2Q 2020) Second quarter 2021 results: Revenue: ر.س77.3m (down 313% from 2Q 2020). Net income: ر.س270.6m (up ر.س734.2m from 2Q 2020). Reported Earnings • May 18
First quarter 2021 earnings released: ر.س0.37 loss per share (vs ر.س0.23 loss in 1Q 2020) First quarter 2021 results: Net loss: ر.س345.3m (loss widened 59% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 02
Full year 2020 earnings released: ر.س1.44 loss per share (vs ر.س0.42 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ر.س176.7m (down 81% from FY 2019). Net loss: ر.س1.34b (loss widened 240% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day low: ر.س27.05 The company is down 13% from its price of ر.س31.00 on 05 November 2020. The Saudi market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: ر.س28.65 The company is down 18% from its price of ر.س34.90 on 08 October 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 8.0% over the same period. Reported Earnings • Dec 23
Third quarter 2020 earnings released: ر.س0.25 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ر.س1.93m (down 99% from 3Q 2019). Net loss: ر.س236.9m (loss widened 78% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 15
Third quarter 2020 earnings released: ر.س0.26 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ر.س1.93m (down 99% from 3Q 2019). Net loss: ر.س237.7m (loss widened 195% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 09
New 90-day low: ر.س30.50 The company is down 10.0% from its price of ر.س33.90 on 10 September 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 4.0% over the same period.