Jabal Omar shares hit lowest close in 10 years

Logo of Jabal Omar Development Co.

Shares of Jabal Omar Development Co. contracted by more than 3% to SAR 18.20 apiece today, Dec. 4, hitting the lowest close since December 2011, with about 4.1 million shares changing hands.

The stock recorded its lowest price during today’s session, at SAR 18.06 a share.

In 2007, Jabal Omar was established. It was listed on the Saudi Exchange (Tadawul) in the same year.

Along with developing and reconstructing the Jabal Omar area near the Holy Mosque, amongst other areas across the Kingdom, the developer operates in owning real estate and developing it into organizational lands. It then manages them for investment, sale and lease. This is besides owning land plots for urban development, coupled with other activities.

Jabal Omar’s Stock Performance
Annual High (SAR)	31.90	April 17, 2022
Annual Low (SAR)	18.06	Today, Dec. 4, 2022
Historical High (SAR)	88.75	March 12, 2015
Historical Low (SAR)	11.00	Aug. 20, 2011
Highest Traded Volume (SAR mln)	164.52	Dec. 1, 2007 (Debut day)

The following table shows the developer’s key financial indicators:

Key Financial Indicators
Book Value (SAR)	11.76
P/B Ratio (x)	1.55

Capital Amendments (SAR mln)
Date	Method	Previous Capital	New Capital	Change
2022	Debt Transfer	9294.0	11545.3	+24%
2011	Rights Issue	6714.0	9294.0	+ 38%

Saudi Stocks Trading

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