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| Announcement Detail | Jabal Omar Development Company announces that it has received today, Monday, 1 December 2025, the Ministry of Tourism license to operate the first and second towers of Phase Four of the Jabal Omar project, which will be operated by Rotana Jabal Omar Hotel. The two towers include 450 rooms and suites, in addition to a restaurants, café, meeting rooms, and a health club. It is worth noting that Rotana Jabal Omar Hotel comprises three towers with a total of 655 rooms and suites. The hotel is also connected to a shopping center with leasable areas estimated at approximately 16K sqm and 131 parking spaces. The company is currently working on completing the necessary requirements to obtain a license from the Ministry of Tourism to operate the third tower. The operation of the hotel is expected to have a positive financial impact on the company’s revenues during the first quarter of 2026. The company also aims to complete the remaining four towers of Phase Four and deliver them gradually to the operator, Sofitel Jabal Omar hotel, during the year 2026, God willing. |