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Adeer Real Estate releases prospectus for Nomu listing
AI Summary
Logo of Adeer 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.
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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 |
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IPO Summary |
|
|
Offered Shares |
20% |
|
Offered shares |
1 mln |
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Offering Price |
SAR 85/share |
|
IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
249,999 shares |
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Offer Period |
May 4-8 |
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Final Allocation |
May 12, 2025 |
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Surplus Refund (if any) |
May 15, 2025 |
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Company Shareholders |
||||
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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% |
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Additional Information |
|
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Financial Advisor and Lead Manager |
Musharaka Capital |
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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 |
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