Jabal Omar sells Makkah plot and targets hotel growth for stock investors
Published on 10/08/2026 at 13:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Jabal Omar Development (ISIN SA000A0MR864) announced the sale of a 6,000-square-meter Makkah plot tied to a SAR 3.50 billion hotel project on October 7, 2026. The planned development includes three hotel towers and more than 1,900 rooms, giving the company a new project milestone in Phase Five.
What does the hotel project mean?
According to Gulf Construction on October 7, 2026, Saudi developer Azhar Company plans to invest SAR 3.50 billion in the project after acquiring Plot S7. The scheme is expected to add three five-star towers and more than 1,900 hotel rooms near the Grand Mosque.
The project is linked to Jabal Omar's wider development pipeline. The company website reports Phase Four at 92.54 percent completion as of July 2026, while Phase Seven stood at 10.00 percent, creating a clear split between near-completion assets and longer-term development opportunities.
Revenue and profit move differently
Investing.com reported second-quarter 2026 revenue of SAR 715.15 million and net income of SAR 158.13 million. Revenue fell 3.25 percent from SAR 739.17 million in the previous quarter, while net income rose 35.16 percent from SAR 116.99 million.
The contrast matters because the latest quarter shows higher profit despite lower sequential revenue. The figures also provide a more specific operating reference than the project value alone, since the hotel development is a future investment commitment while the second-quarter results describe completed reporting activity.
Three dated company milestones
On June 18, 2026, Jabal Omar secured a SAR 2.00 billion Murabaha financing agreement with Saudi National Bank, as listed by MarketScreener. On August 9, 2026, the company reported second-quarter and first-half results through the financial summary published by Investing.com. The October 7, 2026 hotel project announcement is the latest dated milestone.
Upcoming project milestones
Jabal Omar's project update dated July 2026 places Phase Four at 92.54 percent completion and Phase Seven at 10.00 percent. Those figures frame the SAR 3.50 billion hotel transaction against a portfolio moving at different development stages.
Stock trades below yearly high
On Tadawul, Jabal Omar Development was trading at SAR 16.90 on October 8, 2026 at 2:37 p.m. AST, down 3.43 percent versus the prior close of SAR 17.50. The finance data also showed a 52-week range of SAR 13.88 to SAR 19.12, putting the price 11.61 percent below the yearly high.
Jabal Omar Development stock facts
- Company: Jabal Omar Development Company
- ISIN: SA000A0MR864
- Ticker: 4250
- Primary exchange: Tadawul
- Price Tadawul as of October 8, 2026, 2:37 p.m. AST: SAR 16.90
- Change versus prior close: minus 3.43 percent
- Prior close Tadawul October 7, 2026: SAR 17.50
- Market capitalization: SAR 19.9 billion as of October 8, 2026
- 52-week range: SAR 13.88-SAR 19.12 as of October 8, 2026
- Sector / Industry: Real Estate Development and Operations
Market context: Latest market reports.
