Jabal Omar Liquidates 90%-Owned Warifat Hospitality Subsidiary

JABAL OMAR

JABAL OMAR

4250.SA

0.00

On May 11, 2026, Jabal Omar Development Company announced the liquidation of Warifat Hospitality Company, a limited liability company with capital of fifteen million Saudi riyals. Jabal Omar holds a 90% ownership stake in Warifat, while Eaglewing Hospitality Services Company owns the remaining 10%. The operations and activities of Warifat Company have been integrated into Jabal Omar Company, and no material financial impact is expected from the liquidation.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95241&anCat=1&cs=4250&locale=ar

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