Riyadh – Mubasher: Jabal Omar Development Company has received a license from the Saudi Ministry of Tourism to operate the third tower of the Jabal Omar Jumeirah hotel with a five-star rating.
The third tower includes 244 luxurious and modern-style rooms and suites, according to a bourse filing.
The project also comprises a restaurant, cafe, meeting rooms and business centre service, prayer hall, and a fitness centre.
Jabal Omar Jumeirah consists of four towers, each including 19 hotel floors, adjacent to the Holy Mosque.
The company is delivering the fourth and final tower to the operator, completing the requirements to obtain permits from the competent authorities for the operation of the project.
During the first nine months (9M) of 2023, Jabal Omar shifted to profitability, recording a net profit of SAR 237.55 million, against net losses of SAR 157.98 million in 9M-22.
