Adeer Real Estate releases prospectus for Nomu listing

Logo of Adeer Real Estate

Adeer Real Estate issued the prospectus for the offering of one million shares on the Nomu-Parallel Market.
 

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.

 

For More IPOs

 

 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
 

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