Jabal Omar sells SAR 3.5 billion plot: Jabal Omar Development stock sits 13.40 percent below high

Published on 10/12/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The hotel plan covers 6,000 sq m and more than 1,900 rooms. For Jabal Omar Development stock this means SAR 715.15 million in second-quarter revenue.

Key points in brief

Jabal Omar agreed to sell a 6,000-square-meter Makkah plot for a SAR 3.5 billion hotel project.
The planned complex includes three hotel towers and more than 1,900 rooms.
Second-quarter 2026 revenue reached SAR 715.15 million and net income reached SAR 158.13 million.
Jabal Omar trades on Tadawul under ticker 4250, with a market capitalization of SAR 19.5 billion.

Jabal Omar Development, SA000A0MR864, Illustration mit AI erstellt.

Jabal Omar Development (ISIN SA000A0MR864) had agreed to sell a 6,000 sq m Makkah plot for a SAR 3.5 billion hotel project, according to Gulf Construction on October 8, 2026. The planned development includes three hotel towers and more than 1,900 rooms, while Jabal Omar Development stock stood 13.40 percent below its 52-week high of SAR 19.10 on October 12, 2026.

Hotel project adds development scale

The plot is identified as S7 in Phase Five of the company development in Makkah. Gulf Construction reported that the transaction involves a Saudi developer named Azhar Company and a five-star hotel complex designed to serve visitors to the holy city.

The project gives Jabal Omar a new monetization angle beyond completed hotel operations. The transaction combines a land sale with a third-party investment commitment, keeping the SAR 3.5 billion construction plan outside the company capital spending figure reported in the article.

What did the second quarter show?

Investing.com reported second-quarter 2026 revenue of SAR 715.15 million and net income of SAR 158.13 million. Compared with first-quarter 2026, revenue fell 3.25 percent from SAR 739.17 million, while net income increased 35.16 percent from SAR 116.99 million.

The earnings mix matters because the revenue decline and profit increase point in different directions. The second-quarter net income figure was supported by operating earnings of SAR 251.86 million, while the company also reported SAR 26.56 million in operating cash flow for the quarter.

Stock remains below its yearly high

Jabal Omar Development stock was trading at SAR 16.54 on Tadawul on October 12, 2026 at 11:08 a.m. AST. Its market capitalization was SAR 19.5 billion, and the quoted 52-week range was SAR 13.88 to SAR 19.10. The current price therefore stood 13.40 percent below the 52-week high.

Global Banking and Finance identifies the company as Jabal Omar Development Company SJSC, listed on Tadawul under ticker 4250 and ISIN SA000A0MR864. Its business spans operating hotels, commercial centers and properties held for development and sale.

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