Most of the remaining owners of the 1,116 properties on the site of the SR 12,000 million ($3,200 million) Jabal Omar project are expected to join the company after the supreme commission for the development of Mecca announced in late April that it has set at SR 4,200 million ($1,120 million) the combined market value of the properties on the project's 221,000-square-metre plot.

The Jabal Omar project is the biggest of several large developments in Mecca. It involves the construction of 11 high-rise towers, which will include two five-star hotels, three four-star hotels and six three-star hotels, as well as residences for about 100,000 people and car parking for over 10,000 vehicles. The project also includes commercial developments, roads, gardens, schools, medical centres, air-conditioned plazas for 100,000 worshippers and open courtyards for prayers.

A steering committee for the joint stock company was appointed in mid-April. Committee members include; Sulaiman al-Rajhi, Ibrahim al-Subaie, Mohammad al-Muhaisini, Hamad al-Ghamas, Mohammad al-Isa, Sheikh Yousef al-Ahmad and Khaled al-Saud. Prince Mansour bin Abdullah bin Saud is its treasurer.