Jabal Omar incurs SAR 158 mln loss in 9M 2022; Q3 net profit at SAR 153.1 mln on debt conversion

09/11/2022 Argaam Exclusive

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Jabal Omar Development Co. (JODC) narrowed net loss after Zakat and tax by 54.18% to SAR 158 million for the first nine months of 2022, from SAR 344.8 million in a year-earlier period, spurred by higher revenue, stronger occupancy rates, and lower general and administrative expenses. The company also cited a decline in financial charges by SAR 338 million as a result of converting debt owed to Alinma Makkah Real Estate Fund into shares.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	141.98	609.92	329.6 %
Gross Income	(200.06)	79.49	139.7 %
Operating Income	(304.28)	(117.74)	61.3 %
Net Income	(344.77)	(157.98)	54.2 %
Average Shares	929.40	1,041.97	12.1 %
EPS (Riyals)	(0.37)	(0.15)	59.1 %

The Saudi firm reported a net profit after Zakat and tax of SAR 153.11 million in Q3 2022, versus a net loss after Zakat and tax of SAR 270.04 million in a prior-year period, on higher revenue, strong improvement in hotel occupancy rates due to lifting COVID-19 precautionary restrictions.

The company also cited lower financial charges and SAR 260 million gains from debt conversion.

On a sequential basis, JODC turned to profit, against SAR 128.62 million in losses in Q2 2022.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	43.12	218.63	407.0 %
Gross Income	(64.86)	7.98	112.3 %
Operating Income	(57.83)	(86.78)	(50.1 %)
Net Income	(270.04)	153.11	156.7 %
Average Shares	929.40	1,041.97	12.1 %
EPS (Riyals)	(0.29)	0.15	150.6 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	281.65	218.63	(22.4 %)
Gross Income	97.25	7.98	(91.8 %)
Operating Income	42.06	(86.78)	(306.3 %)
Net Income	(128.62)	153.11	219.0 %
Average Shares	1,041.97	1,041.97	-
EPS (Riyals)	(0.12)	0.15	219.0 %

Total shareholders’ equity, excluding minority interest, stood at SAR 13.582 billion as of Sept. 30, 2022, compared to SAR 6.643 billion in the year-earlier period.

Accumulated losses stood at SAR 1.393 billion, or 12% of capital, as of Sept. 30, 2022.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	12.70	-	3.47	-	(10.70)	25.2 %
Q2 2013	16.18	-	5.34	-	(9.66)	48.4 %
Q3 2013	22.79	-	10.81	-	(7.39)	44.5 %
Q4 2013	(6.07)	-	(10.14)	-	(61.24)	(362.9 %)
2013	45.60	-	8.66	-	(49.28)	17.3 %
Q1 2014	23.86	88.0 %	9.79	182.0 %	(5.08)	52.5 %
Q2 2014	26.57	64.3 %	12.72	138.3 %	(2.67)	72.4 %
Q3 2014	26.79	17.6 %	14.73	36.2 %	(4.41)	40.4 %
Q4 2014	653.94	10878.7 %	488.24	4914.0 %	449.33	833.7 %
2014	731.17	1503.6 %	525.48	5968.5 %	437.17	987.0 %
Q1 2015	239.16	902.2 %	169.39	1630.4 %	152.63	3102.7 %
Q2 2015	234.95	784.2 %	140.58	1004.9 %	80.66	3122.1 %
Q3 2015	192.52	618.6 %	98.28	567.3 %	72.20	1738.0 %
Q4 2015	112.81	(82.7 %)	26.20	(94.6 %)	(94.87)	(121.1 %)
2015	779.43	6.6 %	434.45	(17.3 %)	210.62	(51.8 %)
Q1 2016	104.51	(56.3 %)	8.45	(95.0 %)	(21.42)	(114.0 %)
Q2 2016	166.43	(29.2 %)	5.92	(95.8 %)	(35.27)	(143.7 %)
Q3 2016	270.58	40.5 %	139.38	41.8 %	107.75	49.2 %
Q4 2016	-	-	(38.98)	(248.8 %)	(43.34)	54.3 %
2016	547.74	(29.7 %)	256.40	(41.0 %)	188.14	(10.7 %)
Q1 2017	323.12	209.2 %	157.91	1769.0 %	113.49	629.9 %
Q2 2017	200.19	20.3 %	63.53	974.0 %	11.57	132.8 %
Q3 2017	45.52	(83.2 %)	(210.33)	(250.9 %)	(315.26)	(392.6 %)
Q4 2017	-	-	-	-	-	-
2017	568.83	3.8 %	11.11	(95.7 %)	(199.09)	(205.8 %)
Q1 2018	142.13	(56.0 %)	29.30	(81.4 %)	(30.19)	(126.6 %)
Q2 2018	250.25	25.0 %	49.49	(22.1 %)	(15.70)	(235.7 %)
Q3 2018	1,322.66	2805.7 %	673.04	420.0 %	593.96	288.4 %
Q4 2018	247.61	-	46.01	-	(12.71)	-
2018	1,962.64	245.0 %	797.84	7081.3 %	535.36	368.9 %
Q1 2019	177.62	25.0 %	(11.55)	(139.4 %)	(68.73)	(127.6 %)
Q2 2019	297.03	18.7 %	84.17	70.1 %	11.24	171.6 %
Q3 2019	244.33	(81.5 %)	94.29	(86.0 %)	44.55	(92.5 %)
Q4 2019	158.16	(36.1 %)	(43.88)	(195.4 %)	(158.10)	(1,144.4 %)
2019	885.22	(54.9 %)	150.84	(81.1 %)	(117.82)	(122.0 %)
Q1 2020	158.60	(10.7 %)	(1.68)	85.5 %	(67.53)	1.8 %
Q2 2020	1.39	(99.5 %)	(138.07)	(264.1 %)	(214.93)	(2012.0 %)
Q3 2020	1.93	(99.2 %)	(67.16)	(171.2 %)	(143.06)	(421.1 %)
Q4 2020	31.72	(79.9 %)	(176.57)	(302.4 %)	(316.41)	(100.1 %)
2020	176.68	(80.0 %)	(424.69)	(381.5 %)	(757.62)	(543.0 %)
Q1 2021	21.57	(86.4 %)	(88.45)	(5,180.4 %)	(129.18)	(91.3 %)
Q2 2021	77.29	5464.1 %	(46.75)	66.1 %	(117.27)	45.4 %
Q3 2021	43.12	2131.9 %	(64.86)	3.4 %	(57.83)	59.6 %
Q4 2021	168.38	430.8 %	(24.58)	86.1 %	(128.07)	59.5 %
2021	310.36	75.7 %	(224.64)	47.1 %	(432.35)	42.9 %
Q1 2022	109.65	408.3 %	(25.74)	70.9 %	(73.02)	43.5 %
Q2 2022	281.65	264.4 %	97.25	308.0 %	42.06	135.9 %
Q3 2022	218.63	407.0 %	7.98	112.3 %	(86.78)	(50.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	-	-	-	-	(59.58)	(59.1 %)
2013	45.60	-	8.66	-	(49.28)	17.3 %
2014	731.17	1503.6 %	525.48	5968.5 %	437.17	987.0 %
2015	779.43	6.6 %	434.45	(17.3 %)	210.62	(51.8 %)
2016	547.74	(29.7 %)	256.40	(41.0 %)	188.14	(10.7 %)
2017	568.83	3.8 %	11.11	(95.7 %)	(199.09)	(205.8 %)
2018	1,962.64	245.0 %	797.84	7081.3 %	535.36	368.9 %
2019	885.22	(54.9 %)	150.84	(81.1 %)	(117.82)	(122.0 %)
2020	176.68	(80.0 %)	(424.69)	(381.5 %)	(757.62)	(543.0 %)
2021	310.36	75.7 %	(224.64)	47.1 %	(432.35)	42.9 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	(5.26)	59.7 %	(0.01)	-	(5.26)	(0.01)
Q2 2013	(6.12)	63.8 %	(0.01)	-	(6.12)	(0.01)
Q3 2013	(3.37)	71.4 %	0.00	-	(3.37)	0.00
Q4 2013	(57.50)	(497.8 %)	(0.06)	-	(57.50)	(0.06)
2013	(32.54)	36.7 %	(0.04)	-	(32.54)	(0.04)
Q1 2014	(2.53)	52.0 %	0.00	-	(2.53)	0.00
Q2 2014	(0.47)	92.4 %	0.00	-	(0.47)	0.00
Q3 2014	(1.63)	51.6 %	0.00	-	(1.63)	0.00
Q4 2014	431.26	850.1 %	0.46	-	431.26	0.46
2014	421.99	1396.9 %	0.45	-	421.99	0.45
Q1 2015	145.16	5842.2 %	0.16	-	145.16	0.16
Q2 2015	65.05	14028.3 %	0.07	-	65.05	0.07
Q3 2015	8.67	630.8 %	0.01	-	8.67	0.01
Q4 2015	(126.95)	(129.4 %)	(0.14)	-	(126.95)	(0.14)
2015	91.92	(78.2 %)	0.10	-	91.92	0.10
Q1 2016	(75.51)	(152.0 %)	(0.08)	-	(75.51)	(0.08)
Q2 2016	9.49	(85.4 %)	0.01	83.67	(74.18)	(0.08)
Q3 2016	63.35	630.9 %	0.07	-	63.35	0.07
Q4 2016	(68.04)	46.4 %	(0.07)	-	(68.04)	(0.07)
2016	76.66	(16.6 %)	0.08	-	76.66	0.08
Q1 2017	53.79	171.2 %	0.06	-	53.79	0.06
Q2 2017	(60.79)	(740.3 %)	(0.07)	-	(60.79)	(0.07)
Q3 2017	(593.97)	(1037.6 %)	(0.64)	-	(593.97)	(0.64)
Q4 2017	-	-	-	-	-	-
2017	(600.98)	(884.0 %)	(0.65)	26.61	(627.58)	(0.68)
Q1 2018	(129.30)	(340.4 %)	(0.14)	-	(129.30)	(0.14)
Q2 2018	(148.02)	(143.5 %)	(0.16)	-	(148.02)	(0.16)
Q3 2018	469.62	179.1 %	0.51	-	469.62	0.51
Q4 2018	1.48	-	0.00	-	1.48	0.00
2018	193.78	132.2 %	0.21	-	193.78	0.21
Q1 2019	1.62	101.3 %	0.00	197.44	(195.82)	(0.21)
Q2 2019	29.75	120.1 %	0.03	115.00	(85.25)	(0.09)
Q3 2019	(132.87)	(128.3 %)	(0.14)	(205.06)	72.20	0.08
Q4 2019	(429.11)	(29172.6 %)	(0.46)	(42.81)	(386.30)	(0.42)
2019	(635.10)	(427.7 %)	(0.68)	64.56	(699.67)	(0.75)
Q1 2020	(237.86)	(14800.9 %)	(0.26)	-	(237.86)	(0.26)
Q2 2020	(453.50)	(1624.3 %)	(0.49)	(90.89)	(362.61)	(0.39)
Q3 2020	(236.95)	(78.3 %)	(0.25)	59.64	(296.59)	(0.32)
Q4 2020	(421.23)	1.8 %	(0.45)	-	(421.23)	(0.45)
2020	(1339.01)	(110.8 %)	(1.44)	(31.25)	(1307.76)	(1.41)
Q1 2021	(345.30)	(45.2 %)	(0.37)	-	(345.30)	(0.37)
Q2 2021	270.57	159.7 %	0.29	662.18	(391.61)	(0.42)
Q3 2021	(270.04)	(14.0 %)	(0.29)	-	(270.04)	(0.29)
Q4 2021	1,290.98	406.5 %	1.39	1,682.21	(391.23)	(0.42)
2021	946.21	170.7 %	1.02	2,344.39	(1398.18)	(1.50)
Q1 2022	(182.46)	47.2 %	(0.18)	-	(182.46)	(0.18)
Q2 2022	(128.62)	(147.5 %)	(0.12)	-	(128.62)	(0.12)
Q3 2022	153.11	156.7 %	0.15	259.62	(106.51)	(0.10)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	(51.39)	(39.8 %)	(0.06)	-	(51.39)	(0.06)
2013	(32.54)	36.7 %	(0.04)	-	(32.54)	(0.04)
2014	421.99	1396.9 %	0.45	-	421.99	0.45
2015	91.92	(78.2 %)	0.10	-	91.92	0.10
2016	76.66	(16.6 %)	0.08	-	76.66	0.08
2017	(600.98)	(884.0 %)	(0.65)	26.61	(627.58)	(0.68)
2018	193.78	132.2 %	0.21	-	193.78	0.21
2019	(635.10)	(427.7 %)	(0.68)	64.56	(699.67)	(0.75)
2020	(1339.01)	(110.8 %)	(1.44)	(31.25)	(1307.76)	(1.41)
2021	946.21	170.7 %	1.02	2,344.39	(1398.18)	(1.50)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	27.34 %	(382.17 %)	(343.38 %)
Q2 2013	30.52 %	(117.18 %)	(113.56 %)
Q3 2013	37.98 %	(43.14 %)	(47.18 %)
Q4 2013	20.79 %	(141.50 %)	(158.46 %)
2013	18.99 %	(54.40 %)	(71.36 %)
Q1 2014	27.83 %	(103.72 %)	(122.47 %)
Q2 2014	34.52 %	(77.14 %)	(95.09 %)
Q3 2014	38.08 %	(68.48 %)	(87.30 %)
Q4 2014	71.87 %	64.33 %	58.35 %
2014	71.87 %	64.33 %	57.71 %
Q1 2015	72.38 %	67.76 %	60.68 %
Q2 2015	70.39 %	64.34 %	55.40 %
Q3 2015	67.89 %	63.49 %	49.23 %
Q4 2015	55.74 %	37.45 %	11.79 %
2015	55.74 %	37.45 %	11.79 %
Q1 2016	42.42 %	22.00 %	(19.97 %)
Q2 2016	24.09 %	15.12 %	(46.50 %)
Q3 2016	27.50 %	4.39 %	(32.60 %)
Q4 2016	-	-	-
2016	46.81 %	45.93 %	14.00 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	1.95 %	0.57 %	(110.33 %)
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	40.65 %	42.48 %	9.87 %
2018	40.65 %	42.48 %	9.87 %
Q1 2019	37.89 %	40.02 %	6.37 %
Q2 2019	38.71 %	40.30 %	9.29 %
Q3 2019	22.03 %	25.08 %	(21.46 %)
Q4 2019	14.03 %	10.61 %	(67.85 %)
2019	17.04 %	16.52 %	(79.04 %)
Q1 2020	15.49 %	9.72 %	(74.26 %)
Q2 2020	(15.88 %)	(27.55 %)	(162.60 %)
Q3 2020	(78.35 %)	(90.00 %)	(400.95 %)
Q4 2020	(198.04 %)	(222.68 %)	(680.80 %)
2020	(240.37 %)	(252.93 %)	(740.18 %)
Q1 2021	(830.62 %)	(865.28 %)	(2518.34 %)
Q2 2021	(285.96 %)	(293.04 %)	(1097.83 %)
Q3 2021	(216.83 %)	(197.54 %)	(822.21 %)
Q4 2021	(72.38 %)	(51.40 %)	(450.51 %)
2021	(72.38 %)	(51.40 %)	(450.51 %)
Q1 2022	(40.64 %)	(26.72 %)	(310.05 %)
Q2 2022	(2.97 %)	8.33 %	(161.31 %)
Q3 2022	7.06 %	4.36 %	(103.92 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	-	-	-
2013	18.99 %	(54.40 %)	(71.36 %)
2014	71.87 %	64.33 %	57.71 %
2015	55.74 %	37.45 %	11.79 %
2016	46.81 %	45.93 %	14.00 %
2017	1.95 %	0.57 %	(110.33 %)
2018	40.65 %	42.48 %	9.87 %
2019	17.04 %	16.52 %	(79.04 %)
2020	(240.37 %)	(252.93 %)	(740.18 %)
2021	(72.38 %)	(51.40 %)	(450.51 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	27.34 %	(36.04 %)	(41.45 %)
Q2 2013	33.01 %	(21.94 %)	(37.85 %)
Q3 2013	47.43 %	(5.65 %)	(14.79 %)
Q4 2013	167.17 %	908.29 %	947.67 %
Q1 2014	41.02 %	4.47 %	(10.59 %)
Q2 2014	47.88 %	13.24 %	(1.76 %)
Q3 2014	54.97 %	6.68 %	(6.10 %)
Q4 2014	74.66 %	70.95 %	65.95 %
Q1 2015	70.83 %	71.95 %	60.70 %
Q2 2015	59.84 %	44.76 %	27.68 %
Q3 2015	51.05 %	50.51 %	4.50 %
Q4 2015	23.23 %	(73.23 %)	(112.54 %)
Q1 2016	8.08 %	21.11 %	(72.25 %)
Q2 2016	3.55 %	30.30 %	(44.57 %)
Q3 2016	51.51 %	14.36 %	23.41 %
Q4 2016	-	-	-
Q1 2017	48.87 %	43.08 %	16.65 %
Q2 2017	31.73 %	19.66 %	(30.37 %)
Q3 2017	(462.06 %)	(360.89 %)	(1304.86 %)
Q4 2017	-	-	-
Q1 2018	20.61 %	29.85 %	(90.97 %)
Q2 2018	19.77 %	25.46 %	(59.15 %)
Q3 2018	50.89 %	50.49 %	35.51 %
Q4 2018	18.58 %	24.17 %	0.60 %
Q1 2019	(6.50 %)	4.66 %	(110.25 %)
Q2 2019	28.34 %	29.67 %	(28.70 %)
Q3 2019	38.59 %	35.28 %	29.55 %
Q4 2019	(27.74 %)	(56.63 %)	(244.24 %)
Q1 2020	(1.06 %)	(0.87 %)	(149.98 %)
Q2 2020	(9940.46 %)	(10814.54 %)	(26106.12 %)
Q3 2020	(3475.93 %)	(2428.00 %)	(15351.35 %)
Q4 2020	(556.66 %)	(733.58 %)	(1327.95 %)
Q1 2021	(409.98 %)	(278.38 %)	(1600.63 %)
Q2 2021	(60.49 %)	(62.95 %)	(506.71 %)
Q3 2021	(150.42 %)	(4.02 %)	(626.23 %)
Q4 2021	(14.59 %)	(29.15 %)	(232.35 %)
Q1 2022	(23.47 %)	(6.38 %)	(166.41 %)
Q2 2022	34.53 %	38.35 %	(45.67 %)
Q3 2022	3.65 %	(8.23 %)	(48.72 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	929.40	(0.05)	(0.05)	9.70
Q2 2013	929.40	(0.04)	(0.04)	9.61
Q3 2013	929.40	(0.03)	(0.03)	9.65
Q4 2013	929.40	(0.08)	(0.08)	9.62
Q1 2014	929.40	(0.07)	(0.07)	9.60
Q2 2014	929.40	(0.07)	(0.07)	9.60
Q3 2014	929.40	(0.07)	(0.07)	9.57
Q4 2014	929.40	0.46	0.46	10.01
Q1 2015	929.40	0.62	0.62	10.11
Q2 2015	929.40	0.69	0.69	10.19
Q3 2015	929.40	0.70	0.70	10.24
Q4 2015	929.40	0.10	0.10	10.10
Q1 2016	929.40	(0.14)	(0.14)	10.14
Q2 2016	929.40	(0.20)	(0.29)	10.03
Q3 2016	929.40	(0.14)	(0.23)	10.08
Q4 2016	929.40	(0.08)	(0.17)	10.97
Q1 2017	929.40	0.06	(0.03)	10.96
Q2 2017	929.40	(0.01)	(0.01)	11.02
Q3 2017	929.40	(0.72)	(0.72)	10.96
Q4 2017	-	-	-	-
Q1 2018	929.40	-	-	10.18
Q2 2018	929.40	-	-	10.02
Q3 2018	929.40	-	-	10.52
Q4 2018	929.40	0.21	0.21	10.52
Q1 2019	929.40	0.35	0.14	10.34
Q2 2019	929.40	0.54	0.20	10.38
Q3 2019	929.40	(0.11)	(0.22)	10.29
Q4 2019	929.40	(0.57)	(0.64)	8.94
Q1 2020	929.40	(0.83)	(0.69)	8.69
Q2 2020	929.40	(1.35)	(0.98)	8.20
Q3 2020	929.40	(1.46)	(1.38)	8.08
Q4 2020	929.40	(1.45)	(1.42)	7.52
Q1 2021	929.40	(1.57)	(1.53)	7.15
Q2 2021	929.40	(0.79)	(1.57)	7.44
Q3 2021	929.40	(0.82)	(1.54)	7.15
Q4 2021	929.40	1.02	(1.50)	9.28
Q1 2022	1,041.97	1.06	(1.19)	8.33
Q2 2022	1,041.97	0.68	(0.93)	8.19
Q3 2022	1,041.97	1.09	(0.78)	11.16

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	929.40	(0.06)	(0.06)	9.70
2013	929.40	(0.04)	(0.04)	9.62
2014	929.40	0.45	0.45	10.01
2015	929.40	0.10	0.10	10.10
2016	929.40	0.08	0.08	10.97
2017	929.40	(0.65)	(0.68)	10.32
2018	929.40	0.21	0.21	10.52
2019	929.40	(0.68)	(0.75)	8.94
2020	929.40	(1.44)	(1.41)	7.52
2021	929.40	1.02	(1.50)	9.28

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	NEG	NEG	3.35
Q2 2013	NEG	NEG	3.77
Q3 2013	NEG	NEG	4.03
Q4 2013	NEG	NEG	3.86
Q1 2014	NEG	NEG	5.43
Q2 2014	NEG	NEG	6.06
Q3 2014	NEG	NEG	6.98
Q4 2014	More than 100	More than 100	6.66
Q1 2015	More than 100	More than 100	9.54
Q2 2015	More than 100	More than 100	9.26
Q3 2015	More than 100	More than 100	7.96
Q4 2015	More than 100	More than 100	6.98
Q1 2016	NEG	NEG	7.02
Q2 2016	NEG	NEG	7.98
Q3 2016	NEG	NEG	6.40
Q4 2016	NEG	NEG	8.65
Q1 2017	More than 100	NEG	7.88
Q2 2017	NEG	NEG	8.48
Q3 2017	NEG	NEG	7.79
Q4 2017	-	-	-
Q1 2018	-	-	6.30
Q2 2018	-	-	5.19
Q3 2018	-	-	4.72
Q4 2018	More than 100	More than 100	4.15
Q1 2019	More than 100	More than 100	3.94
Q2 2019	66.23	More than 100	3.45
Q3 2019	NEG	NEG	3.26
Q4 2019	NEG	NEG	3.85
Q1 2020	NEG	NEG	3.51
Q2 2020	NEG	NEG	3.49
Q3 2020	NEG	NEG	5.74
Q4 2020	NEG	NEG	4.91
Q1 2021	NEG	NEG	5.16
Q2 2021	NEG	NEG	5.78
Q3 2021	NEG	NEG	5.45
Q4 2021	31.68	NEG	3.47
Q1 2022	30.00	NEG	4.30
Q2 2022	38.87	NEG	3.62
Q3 2022	21.12	NEG	1.86

Period	P/E	Adjusted P/E	Price/book
2012	NEG	NEG	2.49
2013	NEG	NEG	3.86
2014	More than 100	More than 100	6.66
2015	More than 100	More than 100	6.98
2016	More than 100	More than 100	8.65
2017	NEG	NEG	7.27
2018	More than 100	More than 100	4.15
2019	NEG	NEG	3.85
2020	NEG	NEG	4.91
2021	31.68	NEG	3.47

Business Segments (Million)

Compared With The

Period	Operating Hotels	Commercial center	Properties for development and sale
Q1 2014	-	23.86	-
Q2 2014	-	26.57	-
Q3 2014	-	26.79	-
Q4 2014	61.63	27.92	564.40
Q1 2015	27.91	31.75	179.50
Q2 2015	27.16	32.39	175.40
Q3 2015	46.50	30.42	115.60
Q4 2015	76.09	36.71	-
Q1 2016	57.38	35.83	11.30
Q2 2016	163.57	2.87	-
Q4 2016	124.33	-	989.30
Q1 2017	93.63	21.84	196.00
Q2 2017	202.86	19.38	100.88
Q3 2017	168.45	31.74	-
Q4 2017	116.23	30.17	-
Q1 2018	114.54	27.59	-
Q2 2018	215.15	35.10	-
Q3 2018	182.41	34.68	1,105.57
Q4 2018	111.34	32.44	103.83
Q1 2019	106.69	34.20	36.73
Q2 2019	238.76	32.21	26.06
Q3 2019	196.66	38.77	16.99
Q1 2020	123.50	30.08	36.21
Q1 2021	20.52	1.05	-
Q2 2021	68.61	8.67	-
Q3 2021	27.48	9.92	5.72
Q4 2021	68.22	14.69	85.47
Q1 2022	96.86	12.79	-
Q2 2022	248.26	28.66	4.72
Q3 2022	157.34	27.69	33.60

Period	Operating Hotels	Commercial center	Properties for development and sale
2013	-	45.60	-
2014	61.63	105.15	564.40
2015	177.66	131.27	470.50
2016	412.31	67.03	1,000.60
2017	487.53	81.29	-
2018	623.44	129.81	1,209.40
2019	635.32	196.02	53.88
2020	119.34	26.30	31.04
2021	184.84	34.33	91.19

Financial Ratios

	Current
Market Cap (M Riyal)	24,497.26
Enterprise Value (EV) (M)	36,343.63
Shares Outstanding ((M))	1,180.02
EPS ( Riyal) (TTM)	(0.30)
Book Value (BV) ( Riyal)	10.89
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.95
Return on Average Assets (%) (TTM)	(1.27 )
Return on Average Equity (%) (TTM)	(2.76 )

Jabal Omar Development Co. (JABAL OMAR)

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Jabal Omar incurs SAR 158 mln loss in 9M 2022; Q3 net profit at SAR 153.1 mln on debt conversion

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Jabal Omar Development Co. (JABAL OMAR)

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Jabal Omar incurs SAR 158 mln loss in 9M 2022; Q3 net profit at SAR 153.1 mln on debt conversion

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2022

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Jabal Omar Development Co. (JABAL OMAR)

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Business Segments (Million)