Jabal Omar turns to SAR 151.3M loss in 9M 2024, SAR 203.6M in Q3

31/10/2024 Argaam Exclusive

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Jabal Omar Development Co. turned to a net loss of SAR 151.3 million in the first nine months of 2024, against a net profit of SAR 237.6 million a year earlier.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	1,006.17	1,474.01	46.5 %
Gross Income	406.46	511.55	25.9 %
Operating Income	330.37	293.31	(11.2 %)
Net Income	237.55	(151.30)	(163.7 %)
Average Shares	1,154.53	1,160.91	0.6 %
EPS (Riyals)	0.21	(0.13)	(163.3 %)

The loss-making came amid a 50% year-on-year (YoY) increase in depreciation expenses, mainly due to the opening and operation of Address Jabal Omar Hotel and Jumeirah Jabal Omar Hotel.

In addition, general and administrative expenses rose by SAR 74 million YoY on the impairment of properties booked in this period.

The company also recorded an annual rise of SAR 64 million in provisions for credit losses on other trade receivables, along with a 70% leap in financing costs compared to the same period last year.

However, revenue from the hotels segment jumped 42% YoY during the first nine months of the year. This was due to the gradual increase in revenues from the recently delivered hotels Address and Jumeirah.

Revenue from the commercial malls segment grew by 37% YoY for the same period amid an uptick in the leasing activities of the shopping commercial malls.

This is in addition to the recognition of SAR 95 million in revenues from properties for development and sale.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	234.62	256.04	9.1 %
Gross Income	47.52	(38.82)	(181.7 %)
Operating Income	15.03	(100.15)	(766.2 %)
Net Income	305.46	(203.62)	(166.7 %)
Average Shares	1,154.53	1,160.91	0.6 %
EPS (Riyals)	0.26	(0.18)	(166.3 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	625.12	256.04	(59.0 %)
Gross Income	296.09	(38.82)	(113.1 %)
Operating Income	214.85	(100.15)	(146.6 %)
Net Income	33.32	(203.62)	(711.1 %)
Average Shares	1,160.91	1,160.91	-
EPS (Riyals)	0.03	(0.18)	(711.1 %)

In Q3 2024, the company widened its loss to SAR 203.6 million, from SAR 305.5 million in earnings for the year-earlier period, hurt by a SAR 37 million hike in depreciation expenses on the opening and operation of Address Jabal Omar Hotel and Jumeirah Jabal Omar Hotel.

On a quarterly basis, the Saudi developer also swung to losses from a net profit of SAR 33.32 million in Q2 2024.

Total shareholders’ equity, after minority interest, stood at SAR 12.75 billion as of Sept. 30, 2024, up from SAR 12.92 billion in the prior-year period.

Accumulated losses amounted to SAR 115.48 million, or 1% of the company's capital, by the end of the current period.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q4 2022	239.58	42.3 %	(50.02)	(103.6 %)	(59.03)	53.9 %
2022	849.50	173.7 %	29.47	113.1 %	(176.78)	59.1 %
Q1 2023	317.09	189.2 %	122.25	575.0 %	99.07	235.7 %
Q2 2023	454.46	61.4 %	236.68	143.4 %	216.27	414.1 %
Q3 2023	234.62	7.3 %	47.52	495.5 %	15.03	117.3 %
Q4 2023	320.56	33.8 %	(5.41)	89.2 %	(103.91)	(76.0 %)
2023	1,326.72	56.2 %	401.05	1261.0 %	226.46	228.1 %
Q1 2024	592.85	87.0 %	254.28	108.0 %	178.59	80.3 %
Q2 2024	625.12	37.6 %	296.09	25.1 %	214.85	(0.7 %)
Q3 2024	256.04	9.1 %	(38.82)	(181.7 %)	(100.15)	(766.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
2022	849.50	173.7 %	29.47	113.1 %	(176.78)	59.1 %
2023	1,326.72	56.2 %	401.05	1261.0 %	226.46	228.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
Q4 2022	(194.45)	(115.1 %)	(0.19)	-	(194.45)	(0.19)
2022	(352.43)	(137.2 %)	(0.34)	259.62	(612.05)	(0.59)
Q1 2023	11.93	106.5 %	0.01	-	11.93	0.01
Q2 2023	(79.84)	37.9 %	(0.07)	-	(79.84)	(0.07)
Q3 2023	305.46	99.5 %	0.26	390.43	(84.97)	(0.07)
Q4 2023	(200.07)	(2.9 %)	(0.17)	-	(200.07)	(0.17)
2023	37.48	110.6 %	0.03	390.43	(352.95)	(0.31)
Q1 2024	19.02	59.5 %	0.02	-	19.02	0.02
Q2 2024	33.32	141.7 %	0.03	-	33.32	0.03
Q3 2024	(203.62)	(166.7 %)	(0.18)	84.62	(288.24)	(0.25)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
2022	(352.43)	(137.2 %)	(0.34)	259.62	(612.05)	(0.59)
2023	37.48	110.6 %	0.03	390.43	(352.95)	(0.31)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q4 2022	3.47 %	10.58 %	(72.05 %)
2022	3.47 %	10.58 %	(72.05 %)
Q1 2023	16.79 %	24.35 %	(39.52 %)
Q2 2023	25.77 %	34.32 %	(30.00 %)
Q3 2023	28.61 %	41.37 %	(27.88 %)
Q4 2023	30.23 %	38.47 %	(26.60 %)
2023	30.23 %	38.47 %	(26.60 %)
Q1 2024	33.27 %	37.60 %	(21.58 %)
Q2 2024	33.41 %	36.14 %	(13.12 %)
Q3 2024	28.20 %	31.37 %	(24.29 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
2022	3.47 %	10.58 %	(72.05 %)
2023	30.23 %	38.47 %	(26.60 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q4 2022	(20.88 %)	2.87 %	(81.16 %)
Q1 2023	38.56 %	50.62 %	3.76 %
Q2 2023	52.08 %	60.00 %	(17.57 %)
Q3 2023	20.26 %	32.12 %	(36.22 %)
Q4 2023	(1.69 %)	0.59 %	(62.41 %)
Q1 2024	42.89 %	42.60 %	3.21 %
Q2 2024	47.36 %	49.76 %	5.33 %
Q3 2024	(15.16 %)	(0.97 %)	(112.58 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q4 2022	1,041.97	(0.34)	(0.59)	10.99
Q1 2023	1,154.53	(0.14)	(0.36)	11.00
Q2 2023	1,154.53	(0.09)	(0.32)	10.93
Q3 2023	1,154.53	0.04	(0.30)	11.19
Q4 2023	1,154.53	0.03	(0.31)	11.02
Q1 2024	1,154.53	0.04	(0.30)	11.04
Q2 2024	1,160.91	0.14	(0.20)	11.06
Q3 2024	1,160.91	(0.30)	(0.38)	10.89

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2022	1,041.97	(0.34)	(0.59)	10.99
2023	1,154.53	0.03	(0.31)	11.02

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q4 2022	NEG	NEG	1.54
Q1 2023	NEG	NEG	1.85
Q2 2023	NEG	NEG	2.41
Q3 2023	More than 100	NEG	2.14
Q4 2023	More than 100	NEG	2.08
Q1 2024	More than 100	NEG	2.52
Q2 2024	More than 100	NEG	2.20
Q3 2024	NEG	NEG	2.34

Period	P/E	Adjusted P/E	Price/book
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
2022	NEG	NEG	1.54
2023	More than 100	NEG	2.08

Business Segments (Million)

Compared With The

Period	Operating Hotels	Commercial center	Properties for development and sale
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
Q4 2022	195.07	20.15	24.36
Q1 2023	290.33	26.76	-
Q2 2023	393.07	29.01	32.37
Q3 2023	186.66	34.61	13.35
Q4 2023	267.58	34.88	18.09
Q1 2024	452.09	36.04	104.72
Q2 2024	580.36	37.97	6.80
Q3 2024	209.38	44.54	2.13

Period	Operating Hotels	Commercial center	Properties for development and sale
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
2022	697.54	89.28	62.68
2023	1,141.81	121.10	63.82

Financial Ratios

	Current
Market Cap (M Riyal)	24,615.26
Enterprise Value (EV) (M)	36,461.63
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	1.96
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 turns to SAR 151.3M loss in 9M 2024, SAR 203.6M in Q3

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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) 2024 Q3

Financial Ratios

Share Price

Jabal Omar Development Co. (JABAL OMAR)

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Jabal Omar turns to SAR 151.3M loss in 9M 2024, SAR 203.6M in Q3

View other reports

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 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Jabal Omar Development Co. (JABAL OMAR)

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Business Segments (Million)