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Jabal Omar Development Company, based in Jeddah, Saudi Arabia, is a prominent player in the real estate industry. Specializing in the Jabal Omar project located in Makkah, the company undertakes a multitude of activities. This includes investing, developing, managing, and selling plots within the project, as well as constructing, maintaining, and demolishing hotels, commercial facilities, and staff residences. Furthermore, Jabal Omar Development Company engages in the import and export of hotel equipment and furniture. Renowned hotels like Jabal Omar Marriott, Jabal Omar Hilton Suites, Jabal Omar Hyatt Regency, Jabal Omar Conrad, and Jabal Omar DoubleTree by Hilton, Makkah fall under their operational umbrella. In addition to these hospitality ventures, the company spearheads the development of residential projects, commercial centers, and leases commercial shopping malls. Since its establishment in 2006, Jabal Omar Development Company continues to leave a significant mark on the real estate landscape in Saudi Arabia.
JABAL OMAR — TASI —
Current RSI of this stock is 69.33, which indicates the strength of buyers.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
MACD line has just crossed the signal line from the below, generates bullish signal.
Based on our Saudi stock trading ideas, Jabal Omar Development stock price target will be SAR 29 - SAR 29.5 in the next 14-15 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
