JODC is one of the largest listed real estate companies on the Saudi Tadawul Stock Exchange and the company’s Sukuk issuance will support its capital raising initiatives towards the growth and development of its real estate activities, specifically in and around the holy city of Makkah. Its flagship project, Jabal Omar, is a multi-use real estate mega development project consisting of a total built-up area exceeding 2.0 million square meters within walking distance of The Grand Mosque of Makkah.
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About Jabal Omar: Jabal Omar Development Company (JODC) is one of the most influential real estate developers in the region and is also amongst the largest listed companies on the Saudi Tadawul Stock Exchange. The company’s flagship project, Jabal Omar, is a multi-use real estate largescale development project within walking distance of The Grand Mosque of Makkah. The development consists of 40 high rise towers, 15 international hotels, 800 residential units and 9 shopping malls.
As the Kingdom of Saudi Arabia seeks to increase its capacity to welcome a growing number of pilgrims, JODC is a proud contributor to the development of the geographic area around The Grand Mosque, and aims to provide visitors to Makkah and residents with a unique spiritual and physical experience.
About SHUAA Capital psc:Established in 1979, and often considered to be the most recognized financial advisory and investment firm in the Middle East, SHUAA Capital psc (‘SHUAA’) is an integrated financial services firm headquartered in the United Arab Emirates. The firm services corporate and institutional clients, governments, family businesses and high-net-worth-individuals with expertise in the areas of Asset Management, Investment Banking, Capital Markets, Securities Brokerage and Credit. SHUAA is a public shareholding company with its shares listed on the Dubai Financial Market. The firm is regulated as a financial investment company by the UAE Central Bank and the Emirates Securities and Commodities Authority.
The firm owns and operates subsidiaries based in the Kingdom of Saudi Arabia, Kuwait and the Arab Republic of Egypt. They are SHUAA Capital - Saudi Arabia which operates as a CMA licensed investment bank, Gulf Finance Saudi Arabia its SAMA-regulated Shari’ah-compliant lending arm, Amwal International Investment Company, a CMA licensed financial services institution and SHUAA Securities – Egypt specializing in brokerage services for institutional, corporate and retail clients with seamless access to regional markets. www.shuaa.com
For more information, please contact the Jabal Omar Development Company Communications Department on:
+966 5 6702 9494
Abdullah Al Amoudi
+966 5 0477 9119
Or contact SHUAA Capital’s Corporate Communications department on:
+971 4 3651 872
© Press Release 2019