“Jabal Omar” turns profitable with 197.85 million riyals in the third quarter
Jabal Omar Development Company turned profitable in the third quarter of 2025 with 197.85 million riyals, compared to losses of 203.63 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"The reason for the company achieving a net profit during the current quarter compared to a net loss during the same quarter of the previous year is the improvement in occupancy rates and the increase in average room prices, in addition to achieving a profit from the sale of land worth 553 million riyals.
The reason for the company achieving a net profit during the current quarter compared to a net loss in the previous quarter is mainly due to achieving a profit from the sale of land worth 553 million riyals.
According to the statement, the reason for the company achieving a net profit during the current period compared to a net loss in the similar period of the year Previously, a profit was achieved from the sale of two lands worth 1.45 billion riyals, in addition to a decrease in zakat allocations of 67 million riyals, after settling the obligations of the previous period.
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