Riyadh – Mubasher: Saudi real estate developer Jabal Omar Development on Sunday announced that its board had appointed Abdulaziz Al Subaie as the company's new chairman, and Abdul Raouf Mohammad Manna as his deputy during an ordinary general meeting (OGM) held the previous day.
Al Subaie will hold his new post for three years starting from 30 June 2018, according to a statement to the Saudi Stock Exchange (Tadawul).
The company last reported a 79% decrease in profits to SAR 29.29 million in the first three months of 2018, compared to SAR 139.37 million during Q1-17.
By 10:29 am Saudi time, Jabal Omar's stock rose 1.95% to SAR 41.75.
