Riyadh – Mubasher: Jabal Omar Development Company has named Abdulrahman Abdulqader Bajunaid as its new CEO, effective from 1 January 2025.
The board members approved the appointment on 19 November 2024, according to a bourse disclosure.
Bajunaid has more than 24 years of experience in the real estate development and banking sectors. He held several executive positions in banks, including the regional head of corporate banking at Saudi Hollandi Bank and Gulf International Bank.
He also served as the CEO of Rafal Real Estate Development Company as well as Al Jomaih Energy and Water Company.
The new CEO holds a bachelor's degree in Finance from King Fahd University of Petroleum and Minerals University.
Jabal Omar recently announced its financial results for the nine-month period that ended on 30 September 2024, reporting net losses valued at SAR 151.31 million.
