Element List	Explanation
Introduction	Jabal Omar Development Company announces the signing of a contract with Accor Group to manage and operate four towers that include (1,141) hotel units in the phase 4 of its project in Makkah Al-Mukarramah, which is expected to enter into operation in the fourth quarter of 2026 AD.
Date of Announcement of the Award	2025-10-28 Corresponding to 1447-05-06
Contract Subject Matter	Management and operation of hotel towers in the phase 4 of the Jabal Omar project
The Entity with Which the Contract was Signed	Accor Group
Date of Signing the Contract	2025-10-28 Corresponding to 1447-05-06
Contract Value	Accor Group will receive a percentage of revenue and a percentage of the hotels' gross operating profit for management and operation.
Contract Details	A contract to manage and operate four towers, including (1,141) hotel units, which will be managed by the Sofitel Jabal Omar brand.
Contract Duration	15 years, renewable
Financial Impact and the Relevant Period	The financial impact will appear after the hotel is operational, and is expected to be operational in the fourth quarter of 2026.
Related Parties	No related parties
Attached Documents	Attached Documents