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Jabal Omar posts Q3 loss
Jabal Omar Development Company incurred net losses attributable to shareholders of SAR 261.61 million in the third quarter of 2026, compared with a profit of SAR 197.85 million in the same period a year earlier, despite a 14.24% increase in revenue to SAR 370.03 million. The company attributed the turnaround to a SAR 510 million decline in exceptional gains, a SAR 27 million increase in recognized finance costs, and SAR 21 million in fair-value losses on financial instruments. In the first nine months of the year, profit fell 98.77% to SAR 13.51 million, while revenue rose 15.95% to SAR 1.82 billion.
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