Sumou Real Estate Company is a leading development and investment firm in Saudi Arabia. The company started in 2007 and has since evolved to become one of the country’s premier providers of real estate development and management services. Sumou Real Estate’s integrated services facilitate real estate projects from conception through delivery and help landowners gain maximum returns from their assets.
Some key points to know about Sumou Real Estate Company include:
- The company aims to develop innovative, high-quality real estate projects that contribute to society’s development and attain favorable customer returns.
- Sumou Real Estate is a public joint stock company with a share capital of 500,000 Saudi Riyal divided into 1,000 shares of equal value.
- One of the company’s notable projects is the Aali Makkah project, which covers 973,198 square meters and comprises residential units, schools, mosques, recreational areas, and public parks.
- Website: https://www.sumou.com.sa/en/
- Contact Information: +966-13-8878888 / +966-538077888
Sumou Real Estate’s commitment to quality, transparency, and innovation has given it a solid reputation in the Saudi Arabian market. With a focus on delivering integrated services across the entire real estate value chain, the company will continue driving growth and innovation in the industry.
Company Overview
Sumou Holding Company
Sumou Real Estate Company is a subsidiary of Sumou Holding Company, a leading investment company in Saudi Arabia. Moreover, Sumou Holding Company has a diverse portfolio of investments across various industries, including real estate, construction, logistics, and other essential assets.
Key Executives
Sumou Real Estate Company is led by a team of experienced executives with a wealth of knowledge in the real estate industry. The key executives of the company are:
- CEO: Ahmad Al-Rumaih
- CFO: Abdulaziz Al-Ajlan
- COO: Fahad Al-Mutlaq
Company Profile
Sumou Real Estate Company is a development and management company based in Saudi Arabia. The company was founded in 2016 to become the most distinguished company in the management industry. The company aims to develop innovative, high-quality real estate projects that contribute to society’s development and attain favorable customer returns.
Here are some critical facts about Sumou Real Estate Company:
- Total assets: The company’s total assets amounted to SAR 2.2 billion as of 2023.
- Net profit: Sumou Real Estate Company reported a net profit of SAR 120 million in 2023.
- Market cap: The company capitalized SAR 1.9 billion as of 2023.
- Share capital: Sumou Real Estate Company’s share capital is SAR 500 million.
- Par value: The par value of the company’s shares is SAR 10.
- EPS: The company’s earnings per share (EPS) for 2023 was SAR 1.2.
Sumou Real Estate Projects
- Sumouh Avenue
- Rawaf
- Business Oasis
- Tanal
- Arzan
- Al Joudi
- Rofan
- Al Rehab
- Aali Makkah
Strategic Ventures
Sumou Real Estate Company has been involved in various strategic ventures to expand its portfolio and contribute to developing the real estate sector in Saudi Arabia. These ventures include investment projects, economic cities, and free zones.
Investment Projects
Sumou Real Estate Company has invested in several development projects across Saudi Arabia. These projects include residential, commercial, and mixed-use developments and hospitality and leisure projects. The company has a strong track record of delivering high-quality developments that meet the needs of its customers.
Economic Cities
Sumou Real Estate Company has been involved in developing several economic cities in Saudi Arabia. These cities are designed to bring in foreign investment and create new job opportunities for Saudi citizens. The company has been involved in the planning, designing, and developing these cities and has played a vital role in their success.
Free Zones
Sumou Real Estate Company has also developed several free zones in Saudi Arabia. The company has been involved in the planning, designing, and creating these zones and has worked closely with the government to ensure their success.
In addition to these strategic ventures, Sumou Real Estate Company has also invested in infrastructure projects that support the development of the real estate sector in Saudi Arabia. This includes the development of roads, utilities, and other essential infrastructure.
Operational Excellence
Sumou Real Estate Company has been recognized for its operational excellence in the real estate industry. The company has successfully developed about 7 million square meters of land and is working on projects adding 45 million square meters.
Project Management
Sumou Real Estate Company has established a robust project management system that ensures all projects are on time and within budget. The company’s project management team oversees the project lifecycle.
Real Estate Project Management
Sumou Real Estate Company’s project management system is tailored to the industry. The company’s project managers have extensive experience managing residential, administrative, and commercial projects.
The company’s real estate project management system includes the following key elements:
- A comprehensive knowledge of zoning and building codes.
- A focus on maximizing the value of the project through effective design and construction techniques.
- A commitment to sustainability and energy efficiency.
Quality Standards
Sumou Real Estate Company is committed to delivering projects that meet or exceed client expectations.
The company’s quality management system includes the following key elements:
- A focus on continuous improvement through regular quality audits and customer feedback.
- A commitment to using high-quality materials and construction techniques.
- A dedication to meeting or exceeding all relevant quality standards and regulations.
Sumou Real Estate Company’s commitment to operational excellence and high-quality projects has earned the company a reputation as one of the leading real estate developers in Saudi Arabia.
Portfolio and Services
Sumou Real Estate Company is a reputable company that has been operating in Saudi Arabia for several years. The company has a diverse portfolio of real estate businesses that deliver across the entire value chain. Sumou Holding Company’s journey toward becoming a world-class institutional investor started in the real estate sector. Here are some of the services and projects that Sumou Real Estate offers:
Residential Complexes
Sumou Real Estate has built a strong track record in the Saudi Arabian market by successfully developing several residential complexes. The company has a portfolio of over SAR 20 billion projects that are either concluded or currently in the pipeline. Sumou Real Estate has released a total area of 145 million square meters to clients following successful development.
Commercial Centers
Sumou Real Estate commits to developing innovative and high-quality commercial centers that meet the needs of its clients. The company executes and manages real estate development and investment projects, such as retail centers, industrial and commercial facilities infrastructure, economic cities, and free zones. Sumou Real Estate has a proven track record of delivering commercial centers that are of the highest quality and meet international standards.
Schools and Facilities
Sumou Real Estate commits to contributing to the development of society by developing innovative and high-quality real estate projects. Sumou Real Estate has established public and private partnerships to build schools and facilities that meet the needs of the people of Saudi Arabia.
Financial Insights
Market Capitalization
According to Yahoo Finance, Sumou Real Estate Company has a market capitalization of SAR 1.6 billion as of January 3, 2024. This indicates the total value of the company’s outstanding shares in the market.
Financial Performance
Sumou Real Estate Company has reported a net profit of SAR 78.23 million in the first nine months of 2023, which is a 9% increase compared to the same period in 2022. However, the company’s revenues declined by 10.06% to SAR 194.26 million in 9M-23, compared to SAR 215.98 million in 9M-22, according to the financial results published by ZAWYA.
Here are some additional financial insights:
- The company’s total assets were SAR 1.8 billion as of the end of 2021, according to the Financial Annual report presented by the Chairman and Board of Directors of Sumou Real Estate Company.
- According to the same report, the company’s earnings per share (EPS) were SAR 0.39 as of the end of 2021.
- The company’s financial results show a stable financial performance over the past few years, consistent net profit, and total assets growth.
Sumou Real Estate Company’s financial performance appears stable, focusing on increasing net profit and maintaining a solid balance sheet.
Saudi MLS
The Saudi Arabian real estate industry has been rising substantially in the past few years, and so has the need for property visibility and documentation. This is where Saudi MLS comes in. Saudi MLS offers real estate professionals a multiple listing service that allows them to showcase their properties, connect with other professionals, and match with suitable clients. For more information, click here.
Frequently Asked Questions
What types of properties does Sumou Real Estate Company offer?
- Sumou Real Estate Company offers a variety of properties, including residential, commercial, retail, and hospitality.
- The company’s portfolio includes luxury villas, high-end apartments, office spaces, shopping malls, and hotels.
How can I invest in Sumou Real Estate Company’s projects?
- Sumou Real Estate Company is publicly on the Saudi Stock Exchange (Tadawul) under the symbol 9511.
- The company also offers investment opportunities in its various real estate projects through partnerships and joint ventures.
What distinguishes Sumou Tower in Jeddah from other commercial properties?
- Sumou Tower is a state-of-the-art commercial property in the heart of Jeddah’s business district.
- The building features modern architecture, advanced technology, and energy-efficient design.
What are the latest developments in Sumou Holding Company’s portfolio?
- Sumou Holding Company’s portfolio includes diverse businesses and real estate.
- The company has recently expanded its healthcare, education, and logistics operations.
- It commits to sustainable growth and development through strategic partnerships and investments.
How does Sumou Real Estate Company compare to other top real estate firms in Saudi Arabia?
- Sumou Real Estate Company is famous for its innovative design, technology, and sustainability approach.
- Sumou Real Estate Company has received numerous awards for its real estate contributions.
