Jabal Omar Development stock gets SAR 3.5 billion hotel project

Published on 10/08/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jabal Omar Development stock follows a SAR 3.5 billion Makkah hotel project signed on October 7, 2026. Q2 revenue reached SAR 715.15 million.

Jabal Omar Development, SA000A0MR864, Illustration mit AI erstellt.

Jabal Omar Development stock (ISIN SA000A0MR864) was last at SAR 17.50 on Tadawul on October 8, 2026, with the quote unchanged and 3,133 shares traded. The company had signed a Plot S7 agreement for a SAR 3.5 billion hotel project in Makkah on October 7, according to Gulf Construction.

Hotel project adds a concrete catalyst

The agreement covers Plot S7 in Phase Five of the Jabal Omar development. The 6,000-square-meter site is planned for a five-star complex with three hotel towers and more than 1,900 rooms, giving the announcement a direct link to the company's hotel and property-development businesses.

The SAR 3.5 billion figure is the planned investment by Azhar Company, not a reported revenue figure for Jabal Omar. That distinction matters because the project's economic contribution will depend on development, completion and operating arrangements rather than on the headline investment amount alone.

Q2 revenue reached SAR 715.15 million

Jabal Omar reported SAR 715.15 million in Q2 2026 revenue, SAR 158.13 million in net income and SAR 0.13 in earnings per share, according to Investing.com. Revenue declined from SAR 739.17 million in the previous quarter, while net income increased from SAR 116.99 million to SAR 158.13 million.

The quarter therefore presents a mixed operating comparison. Revenue was lower by SAR 24.02 million against Q1 2026, while net income was higher by SAR 41.14 million, making project execution and hotel operations important measures for the next reported period.

Stock remains below the yearly high

At SAR 17.50, the stock stood SAR 1.62 below its 52-week high of SAR 19.12 and SAR 3.62 above its 52-week low of SAR 13.88 on October 8, 2026. The current market capitalization was SAR 20.7 billion, while the day's range was SAR 17.50 to SAR 17.50.

Jabal Omar develops property, operates hotels and manages commercial centers around the Holy Mosque in Makkah. Its project pipeline links the new hotel agreement to a business already exposed to hospitality demand, completed property sales and recurring operating activity.