Logo ofAdeer Real Estate
Qualified investors started today, May 4, subscribing to one million shares of Adeer Real Estate on theNomu-Parallel Market at SAR 85 per share. 
The shares on offer represent 20% of the company’s pre-IPO capital of SAR 50 million, divided into five million shares, at SAR 10 each.
The share sale will run from May 4 -8.
Today’s listings of Adeer Real Estate will bring this year’s IPOs to nine on the parallel market, afterShmoh Almadi Co.‘s debut on Jan. 13,ITMAM Consulting Co. on Jan. 23,Alshehili Co. for Metal Industrieson Jan. 29., Basma Adeem Medical Co.(Smile Care) on Feb. 3,as well asRatio Speciality Company for TradingandHedab Alkhaleej Trading Co.on Feb. 16.
Nomu witnessed 28 IPOs in 2024.
In December 2024, the Capital Market Authority (CMA) approved Adeer’s application to offer its shares on Nomu.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts, as well as clients of capital market institutions authorized to carry out management operations.
Thisis provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.
The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).
They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.
Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in theguidelinesfor investment of non-resident foreigners in Nomu.
They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.
Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria,including the below:
They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.
Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.
They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.
The company set the offering price for qualified investors at SAR 85 each.
Company Profile
Founded in 2012 as Adeer Real Estate Services in the Eastern Region, the company specializes in real estate marketing and sales management, through direct sales, real estate auctions, and sales centers. This is in addition to property management through sustainable management solutions, including maintenance, operations, and periodic reporting on leasing status and occupancy rates.
Company Profile
Company
Adeer Real Estate
Market
Nomu-Parallel Market
Core Activities
Purchase and sale of land plots and properties
Pre-IPO Capital
SAR 50 mln
Number of Shares
5 mln
Share Par Value
SAR 10
IPO Summary
Offered Shares
20%
Offered shares
1 mln
Offering Price
SAR 85/share
IPO Minimum Limit
10 shares
IPO Maximum Limit
249,999 shares
Offer Period
May 4-8
Final Allocation
May 12, 2025
Surplus Refund (if any)
May 15, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Sumou International Investment Company
3.75
75%
3.0
60%
Abdulrahman Ayed Farhan Al-Qahtani
0.31
6.25%
0.25
5%
Muteb Hamad Ghdhaif Al-Qahtani
0.31
6.25%
0.25
5%
Salman Ayed Farhan Al-Qahtani
0.31
6.25%
0.25
5%
Abdullah Ayed Farhan Al-Qahtani
0.31
6.25%
0.25
5%
Public
—
—
1
20%
Total
5.00
100%
5.00
100%
Additional Information
Financial AdvisorandLead Manager
Musharaka Capital
Receiving Entities
Al Rajhi Capital, Derayah Financial, Alistithmar Capital, Albilad Capital , Alinma Investment, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, and Yaqeen Capital
Logo ofAdeer Real Estate
Qualified investors started today, May 4, subscribing to one million shares of Adeer Real Estate on theNomu-Parallel Market at SAR 85 per share.
The shares on offer represent 20% of the company’s pre-IPO capital of SAR 50 million, divided into five million shares, at SAR 10 each.
The share sale will run from May 4 -8.
Today’s listings of Adeer Real Estate will bring this year’s IPOs to nine on the parallel market, afterShmoh Almadi Co.‘s debut on Jan. 13,ITMAM Consulting Co. on Jan. 23,Alshehili Co. for Metal Industrieson Jan. 29., Basma Adeem Medical Co.(Smile Care) on Feb. 3,as well asRatio Speciality Company for TradingandHedab Alkhaleej Trading Co.on Feb. 16.
Nomu witnessed 28 IPOs in 2024.
In December 2024, the Capital Market Authority (CMA) approved Adeer’s application to offer its shares on Nomu.
The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts, as well as clients of capital market institutions authorized to carry out management operations.
Thisis provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.
The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).
They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.
Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in theguidelinesfor investment of non-resident foreigners in Nomu.
They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.
Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria,including the below:
They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.
Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.
They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.
The company set the offering price for qualified investors at SAR 85 each.
Company Profile
Founded in 2012 as Adeer Real Estate Services in the Eastern Region, the company specializes in real estate marketing and sales management, through direct sales, real estate auctions, and sales centers. This is in addition to property management through sustainable management solutions, including maintenance, operations, and periodic reporting on leasing status and occupancy rates.
Company Profile
Company
Adeer Real Estate
Market
Nomu-Parallel Market
Core Activities
Purchase and sale of land plots and properties
Pre-IPO Capital
SAR 50 mln
Number of Shares
5 mln
Share Par Value
SAR 10
IPO Summary
Offered Shares
20%
Offered shares
1 mln
Offering Price
SAR 85/share
IPO Minimum Limit
10 shares
IPO Maximum Limit
249,999 shares
Offer Period
May 4-8
Final Allocation
May 12, 2025
Surplus Refund (if any)
May 15, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Sumou International Investment Company
3.75
75%
3.0
60%
Abdulrahman Ayed Farhan Al-Qahtani
0.31
6.25%
0.25
5%
Muteb Hamad Ghdhaif Al-Qahtani
0.31
6.25%
0.25
5%
Salman Ayed Farhan Al-Qahtani
0.31
6.25%
0.25
5%
Abdullah Ayed Farhan Al-Qahtani
0.31
6.25%
0.25
5%
Public
—
—
1
20%
Total
5.00
100%
5.00
100%
Additional Information
Financial AdvisorandLead Manager
Musharaka Capital
Receiving Entities
Al Rajhi Capital, Derayah Financial, Alistithmar Capital, Albilad Capital , Alinma Investment, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, and Yaqeen Capital
