Latest news with #AdeerRealEstate
Argaam
11 hours ago
- Business
- Argaam
Adeer inks deal with Baitek Real Estate to market Jeddah land project
Adeer Real Estate Co. signed an agreement with Baitek Real Estate Co. to market the 'Jeddah Oasis' land, in Jeddah, with a total area of 707,250 square meters. In a statement to Tadawul, the company said that the contract is valid for 44 days starting from Aug. 18, 2025, and is valued at nearly 7% of the total revenues, in accordance with the company's latest approved financial statements. This contract is expected to have a positive financial impact upon the sale and transfer of the land to the buyer and the collection of the company's fees, the statement added, indicating that no related parties are included in the deal.
Argaam
04-08-2025
- Business
- Argaam
Adeer focuses on high-yield strategic deals, sees continued momentum: CEO
Adeer Real Estate Co. 's stronger financial results in H1 2025 were driven by a focus on executing high-yield strategic deals, boosting operational efficiency, and venturing into profound expansion opportunities in real estate development projects, CEO Miteb Al Saad told Argaam in an interview. The top executive added that the Saudi-listed developer's reliance on innovative marketing solutions and integrated work teams helped maximize revenues and slash operating expenses, which directly impacted profits. During the first half of 2025, a number of qualitative deals played a pivotal role in Adeer's robust growth, including the marketing and liquidation of land and real estate plots in high-demand areas such as Makkah and Riyadh, in addition to signing real estate development partnerships with some government and private entities, he added. Other positive drivers included the sale of residential and commercial units in the company's development projects. The CEO also stated that marketing and real estate brokerage activities accounted for nearly 99% of Adeer's topline, while real estate development projects dominated about 1% of revenues. He expected the momentum to continue through the second half of this year, in tandem with continued high demand from investors and developers. The currently-incentivizing regulatory environment and market dynamics provide the company with promising opportunities to maintain its growth and achieve its operational goals, according to Al Saad. This also underscores Adeer's commitment to delivering sustainable value to its shareholders while also strengthening its position in the real estate market, he pointed out. According to Argaam 's data, Adeer reported a 77% increase in net profit to SAR 68.3 million for the first half of 2025, compared to SAR 38.5 million in the same period of 2024.
Zawya
28-05-2025
- Business
- Zawya
Adeer Real Estate shares gain 4.9% in Nomu market debut
Riyadh – Shares of Adeer Real Estate closed higher by 4.9% on Monday, in their first trading session on Saudi Arabia's Nomu – Parallel Market, ending the day at SAR 89.20, up SAR 4.20. The stock saw trading volumes reach 174,951 shares, with a total turnover of approximately SAR 16.6 million, executed through 730 transactions. The company, which operates in real estate marketing and property management, had announced the listing of 1 million shares, representing 20% of its capital of SAR 50 million. The offering achieved an oversubscription rate of 679.7%, reflecting strong investor appetite. The shares were listed under the ticker symbol 9634, with the international ISIN SA16A1AKMH11. Strategic Milestone Speaking on the occasion, Muteb Hamad Al Saad, CEO and Managing Director of Adeer Real Estate, described the listing as a 'strategic milestone' in the company's growth journey. 'Entering the Nomu market enables us to strengthen our market position and broaden our services in the real estate sector,' he said, adding that Adeer is focused on offering specialized real estate marketing services that support urban development and respond to market and investor needs. Al Saad also highlighted the company's alignment with Saudi Vision 2030, stating: 'We are proud to play a role in supporting national economic diversification and enhancing the efficiency of key sectors, particularly real estate.' He further emphasized Adeer's commitment to governance, transparency, and innovation, stating that the company aims to build sustainable value for shareholders. Al Saad extended his thanks to the Capital Market Authority, Saudi Tadawul Group, and the Real Estate General Authority for their support throughout the listing process. Expansion Beyond Borders Commenting on the listing, Eng. Bassel El-Serafy, CEO of Adeer International, stated that the move will allow the company to diversify its funding sources and contribute to the development of the Kingdom's capital markets. He revealed that the group plans to list part of its shares on the Egyptian Exchange within the next five years and is preparing several subsidiaries for listing either on Egypt's main market or NILEX, depending on the size and strategic focus of each entity. About Adeer Real Estate Founded in 2012 in Saudi Arabia's Eastern Province, Adeer Real Estate operates across real estate marketing, sales (including direct sales, auctions, and sales centers), and property management. The company follows sustainable practices in maintenance and operational reporting. The company's ownership structure is led by Sumou International Investment Company with a 60% stake. The remaining 40% is held equally among four individual shareholders, with a 20% free float now available on the Nomu market following the IPO. About Adeer International Adeer International, a Saudi-owned company, began its international operations in 2021, first establishing a presence in London, followed by expansions into Egypt and Turkey. The company currently operates in the Egyptian market and manages diversified investment portfolios for more than 4,000 investors worldwide through real estate funds and other investment vehicles.
Argaam
22-05-2025
- Business
- Argaam
Adeer to make Nomu debut on May 26
The Saudi Exchange (Tadawul) announced that Adeer Real Estate Co. 's shares will list and start trading on the Nomu -Parallel Market on May 26, with the symbol 9634 and ISIN Code SA16A1AKMH11. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, May 18. Separately, the Securities Depository Center Co. (Edaa) said Adeer's subscribed securities were deposited today, May 22, into the accounts of eligible shareholders. According to Argaam data, the company earlier floated one million shares on Nomu at SAR 85 per share. The offering was 679.67% subscribed, with 927 subscribers. The offered shares represented 20% of Adeer's SAR 50 million capital divided into 5 million shares at SAR 10 par value each.
