Logo ofAdeer Real Estate
The offered shares represent 20% of the company’s capital, which stands at SAR 50 million, divided into five million shares, with a nominal value of SAR 10 per share. 
The company set the offering price for qualified investors at SAR 85 each.
The IPO is limited to qualified investors as per the Capital Market Authority’s (CMA) regulations.
The issue will run from May 4-8.
In December 2024, the CMA had approved the company’s listing request.
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 Advisor and Lead 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
The offered shares represent 20% of the company’s capital, which stands at SAR 50 million, divided into five million shares, with a nominal value of SAR 10 per share.
The company set the offering price for qualified investors at SAR 85 each.
The IPO is limited to qualified investors as per the Capital Market Authority’s (CMA) regulations.
The issue will run from May 4-8.
In December 2024, the CMA had approved the company’s listing request.
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 Advisor and Lead 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
