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مباشر
Jabal Omar posts 158.1M SAR profit in Q2 2026
Al Jumlah Omar Development Company recorded a turnaround to profitability in the second quarter of 2026, achieving a net profit of 158.13 million SAR compared to losses in the same period of the previous year. These results were driven by a 42.55% year-on-year increase in revenues to 715.15 million SAR, linked to the performance of hotels during the Hajj season and the opening of the Rotana Hotel, as well as lower financing costs and impairment provisions. For the first half of the year, net profit rose by 69.56% to 275.12 million SAR, with a 16.4% increase in revenues to 1.45 billion SAR, despite higher depreciation expenses due to the operation of the new hotel. The company's shareholders’ equity also grew by 12.27%, while earnings per share declined to 0.23 SAR from 0.77 SAR a year earlier.
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