Sumou Real Estate Co. (4323)

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News

4 June 04:42 PM Sumou Real Estate pens SAR 562.5m deal for Sedco Capital’s project

Riyadh – Mubasher: Sumou Real Estate Company inked a SAR 562.47 million contract with Sedco Capital Sumou Al Muqarr Fund, represented by Jawharat Al Ghura Real Estate Development Company The company will implement the infrastructure and …

Real estate

25 May 11:57 AM Sumou Real Estate, NHC ink SAR 680m development agreement

Riyadh – Mubasher: Sumou Real Estate Company penned a development agreement with National Housing Company (NHC) for areem Makkah project, with an estimated value of SAR 680 million. The two companies will team up to build residential units on an …

Real estate

30 April 02:18 PM Sumou Real Estate records 17% higher profits in Q1-25

Riyadh – Mubasher: Sumou Real Estate Company logged net profits amounting to SAR 22.36 million in the first quarter (Q1) of 2025, an annual growth of 16.99% from SAR 19.11 million. The company’s sales hiked by 25.34% year-on-year (YoY) to SAR …

Financial Results

21 April 03:26 PM Sumou Real Estate awarded SAR 680m development agreement

Riyadh – Mubasher: Sumou Real Estate Company announced a SAR 680 million development deal with the National Housing Company to establish more than 900 Residential Villas in the Makkah Gate project. The company was awarded the project on 20 April …

Companies Investments

5 February 05:26 PM Sumou Real Estate secures SAR 130m loan from SAB

Riyadh – Mubasher: Sumou Real Estate Company inked a credit facilities agreement with Saudi Awwal Bank (SAB) at an amount of SAR 130 million. The financing is valid for 48 months starting from 4 February 2025, according to a bourse filing. The …

Companies Investments

3 July 2024 10:54 AM Sumou Real Estate, Jabeen team up for SAR 1.3bn project

Riyadh – Mubasher: Sumou Real Estate Company penned an agreement with Jubail and Yanbu Industrial Cities Services Company (Jabeen) for a project valued at SAR 1.30 billion. The two entities will develop primary and secondary infrastructure works …

Companies Investments

9 June 2024 00:00 PM Sumou Real Estate’s shareholders nod for capital increase

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 …

Corporate Actions

9 May 2024 04:45 PM Sumou Real Estate obtains CMA approval for capital raise

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, …

Corporate Actions

24 March 2024 02:22 PM Sumou Real Estate mulls 33% capital hike via bonus shares

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 …

Management Decisions

7 November 2023 05:17 PM Sumou Real Estate’s net profits grow 9% in 9M-23

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 …

Real estate

2 October 2023 09:35 AM Sumou Real Estate inks SAR 120m development agreement

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 …

Real estate

24 August 2023 03:23 PM Sumou Real Estate announces H1-23 dividends; profits up 9%

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 …

Financial Results

20 August 2023 02:07 PM Sumou Real Estate to trade on main market

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 …

Corporate Actions

25 December 2022 01:51 PM Cenomi Centers unveils SAR 700m sale deal with Sumou Holding

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 …

Real estate

23 November 2022 02:53 PM Sumou Real Estate unveils SAR 377m project with National Housing

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 …

Companies Investments

23 November 2022 02:15 PM Sumou Real Estate raises facility limit from Riyad Bank to SAR 286m

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 …

Companies Investments

3 October 2022 11:09 PM Sumou Real Estate awarded project in Riyadh from Asar Real Estate

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 …

Real estate

2 October 2022 05:28 PM Sumou Real Estate inks sales deal with Adeer Real Estate

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, …

Real estate

28 September 2022 05:33 PM Sumou Real Estate pens SAR 305m deal with National Housing

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 …

Real estate

20 September 2022 03:28 PM Sumou Real Estate unveils SAR 403m development project

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 …

Companies Investments

22 August 2022 10:05 AM Sumou Real Estate signs SAR 540m development deal

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 …

Companies Investments

20 June 2022 06:55 PM Sumou Real Estate secures SAR 50m loan from Riyadh Bank

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, …

Banking and Finance

13 April 2022 06:11 PM Sumou Real Estate inks SAR19m lease contract

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 …

Real estate

16 March 2022 08:15 PM Sumou Real Estate inks SAR 7m development agreement

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 …

Companies Investments

14 March 2022 02:50 PM Sumou Real Estate’s profits jump 14% in 2021; dividends proposed for H2-12

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 …

Financial Results