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Jabal Omar Development Company (4250) – Introduction and background |
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Established in 2006, JODC is known for its massive new developments around the Grand Mosque in Mecca. JODC’s flagship initiative, the Jabal Omar Project, involves vast residential, commercial, and hospitality facilities, including the famous Clock Tower. This large-scale development provides hotels, residential apartments, and shopping malls designed to serve the millions of pilgrims visiting Mecca annually. The company partners with international hotel brands to offer luxury accommodation in central Mecca, some of the most expensive real estate in the world.
Jabal Omar Development Company is publicly traded on Tadawul where it trades under the ticker 4250. Major shareholders include the company founders, who still control around 10% of all shares, and the Makkah (Mecca) Construction and Development Company, alongside Saudi institutional investors.
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