Khalid M Al Amoudi named CEO of Jabal Omar Development Company
Al Amoudi replaces Yasser bin Faisal Al-Sharif, who exited the Saudi Arabian developer in May 2019 for personal reasons
Saudi Arabia’s Tadawul-listed heavyweight Jabal Omar Development Company (JODC) has appointed Khalid Mohammed Al Amoudi as its chief executive officer, after his appointment was approved by the company’s board of directors following the resignation of Yasser bin Faisal Al-Sharif from the post on 25 May 2019 due to personal reasons.
In an Arabic-language stock market filing, JODC said that Al Amoudi, who holds a bachelor's degree in industrial management and marketing from King Fahd University of Petroleum and Minerals, has more than 30 years of experience in the fields of management, development, finance, and real estate marketing.
JODC added in the disclosure that Al Amoudi had previously served as general supervisor of the kingdom’s Real Estate Development Fund (REDF).
According to information published on his LinkedIn profile, Al Amoudi also serves as the deputy chairman on the REDF board and chairman of the finance and housing committee of Sakani, a part of Saudi Arabia's Ministry of Housing.
Al Amoudi has also worked at Samba Financial Group and the kingdom’s National Commercial Bank.
JODC swung back to profit in the first quarter of 2019, with net profit for the period standing at $12.8m (SAR48m), marking a 2.4% increase on 2018’s corresponding $12.5 (SAR47m) figure.