Riyadh - Mubasher: Jabal Omar Development recorded an increase in net profits to SAR 609.36 million ($162.5 million) in the last fiscal year, due to the reduction in Zakat provision by SAR 28.3 million after reevaluation.
According to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday, profits jumped by 652.92% compared to the profits of last year which registered SAR 91.92 million.
