Sumou Real Estate Co. (4323)

Riyadh – Mubasher: The shareholders of Sumou Real Estate Company greenlighted a 33.33% capital hike to SAR 500 million from SAR 375 million, according to a bourse disclosure. The number of shares will stand at 50 million shares, higher by 12.50 …

Riyadh – Mubasher: Sumou Real Estate Company has received the Capital Market Authority’s (CMA) nod for increasing its capital to SAR 500 million from SAR 375 million, according to a bourse filing. Upon the decision of the regulatory authority, …

Riyadh – Mubasher: The board members of Sumou Real Estate Company proposed a capital hike by transferring an amount of SAR 125 million from the retained earnings account. Under the board’s recommendation, which was decided on 21 March 2024, the …

Riyadh – Mubasher: Sumou Real Estate Company reported an 8.78% increase in net profit after Zakat and tax to SAR 78.23 million in the first nine months (9M) of 2023, versus SAR 71.91 million in the same period of 2022. The revenues declined by …

Riyadh – Mubasher: Sumou Real Estate Company penned a development management agreement with Asmou Real Estate Development Company at a value of SAR 120 million. The 24-month deal covers a mixed-use high-rise towers project in Jeddah, according to …

Riyadh – Mubasher: Sumou Real Estate Company announced cash dividends valued at SAR 37.50 million, representing 10% of the capital, for the first half (H1) of 2023. The firm will disburse a dividend of SAR 1 per share for 37.50 million eligible …

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has authorised, on 20 August 2023, Sumou Real Estate Company’s request to transfer from the Parallel Market (Nomu) to the Main Market, according to a bourse filing. Sumou Real Estate’s capital is …

Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) sold an empty land in Riyadh to Sumou Holding Company at a total value of SAR 700 million on 22 December 2022, according to a bourse filing. Located in Al Raed district, the land plot …

Riyadh – Mubasher: Sumou Real Estate Company announced a SAR 377 million development project with the National Housing Company on an area of 88,569 square metres, according to a bourse disclosure. Located in Makkah, residential units will be built …

Riyadh – Mubasher: Sumou Real Estate Company penned a Sharia-compliant facility agreement with Riyad Bank to increase its loan limit to SAR 286 million from SAR 50 million. The firm will use the funding to issue letters of guarantee, according to …

Riyadh – Mubasher: Sumou Real Estate Company signed a development agreement with Adeer Asar Real Estate Company for a land plot spanning more than 3 million square metres in Riyadh, according to a bourse filing. The Saudi listed firm will receive …

Riyadh – Mubasher: Sumou Real Estate Company penned a sales and marketing agreement with Adeer Real Estate on 29 September 2022 for Area No. 1/B of Dahiyat Al Fursan 1 and 2 in Riyadh. Adeer will receive 2.50% of the total value of the sold units, …

Riyadh – Mubasher: Sumou Real Estate Company has sealed a development agreement with the National Housing Company at a total cost of SAR 305 million. The two parties signed the 36-month deal for the Area Apt Zone 4A and 4B of Al Aali project in …

Riyadh – Mubasher: Sumou Real Estate Company signed a development agreement worth SAR 403 million with the National Housing Company in Riyadh for Area No. 1/B of Dahiyat Al Fursan 1 and 2. Upon the 42-month deal, the Saudi listed firm will build …

Riyadh – Mubasher: Sumou Real Estate Company has inked a SAR 540 million development agreement for Area No. 2 of Abyar Ali project (Al Samiya residential project) with the National Housing Company in Madinah. Under the deal, Sumou will build up to …

Riyadh – Mubasher: Sumou Real Estate Company has signed a Sharia-compliant facility agreement worth SAR 50 million with Riyadh Bank. The Saudi listed company obtained the loan on 19 June this year to issue letters of credit and guarantee, …

Riyadh – Mubasher: Sumou Real Estate Company has signed a long-term rental contract worth SAR 19.30 million with Al Shabab Saudi Club for a land plot located on King Fahd Road and Olaya Road in Riyadh city. Upon the 25-year contract, the Saudi …

Riyadh – Mubasher: Sumou Real Estate Company has signed a contract worth SAR 7 million with Sumou Holding Company for a land plot located in Dammam City. Upon the agreement, the listed company will manage the development and marketing of the area …

Riyadh – Mubasher: Sumou Real Estate Company has logged net profits after Zakat and tax worth SAR 81.20 million last year, a jump of 13.76% from SAR 71.38 million in 2020. The company’s revenues increased by 6.14% year-on-year (YoY), reaching SAR …

Riyadh – Mubasher: Sumou Real Estate Company has signed an agreement worth SAR 44 million with Sumou Holding Company on 9 February. The contract covers the infrastructure development, execution, and maintenance of a land plot spanning 1.58 million …

Riyad - Mubasher: The board of Sumou Real Estate Company has appointed Ayedh Farhan Al Qahtani as the company's Chairman. The board also elected Saeed Salem Al Nahdi as Vice Chairman, according to a bourse filing on Thursday. The board's Secretary …

Riyad - Mubasher: Sumou Real Estate Company has inked a SAR 20.71 million construction contract to implement the first phase of the basic infrastructure works for the Souq Al-Nafe’ project located in Mecca. Spanning over an area of 1.321 million …

Riyad - Mubasher: Sumou Real Estate Company has inked a development and marketing agreement with Adeer Holding Company and Adeer Real Estate for Areen project. The Saudi listed company will build and sell 251 residential villas for the project …

Riyadh – Mubasher: Sumou Real Estate Company has acquired an 80% stake in Al-Mahafel Trading and Contracting Company. Al-Mahafel will develop a land, spanning across 1.32 million square meters in the Makkah region, to establish a multi-purpose …

Riyadh – Mubasher: Sumou Real Estate Company has penned an agreement with Sumou Holding Company to develop a land plot located on Abqaiq Road in Dhahran, as part of Hittin project. The asset spans 302,000 square metres, according to a bourse …