SR.No: 87
Jabal Omar Development Company
Sector: Real Estate & Construction
Date of Establishment: 2007
Country: Saudi Arabia
CEO: Khalid Al-Amoudi
Sales: $47 million
Profits: $-357 million
Assets: $6.9 billion
Market Value: $7.3 billion
The Jabal Omar Development Company is the most valuable listed real estate company in Saudi Arabia, with a $7.3 billion market cap. The company’s flagship project is Jabal Omar, a multi-use real estate mega-development project covering more than two square kilometers within walking distance of the Grand Mosque in Makkah. In December 2020, the company sold 2,572 square meters of the project to the AIMS Investment Company for $221.3 million.