Adeer Real Estate Signs Exclusive Marketing Contract for 471-Unit Tower

ADEER

ADEER

9634.SA

0.00

On June 14, 2026, Adeer Real Estate Co. announced the signing of a contract on June 11, 2026, with Areeb Al-Mutatawirah Real Estate Company to provide exclusive marketing and sales services for a mixed-use tower in the Jabal Omar area of Makkah Al-Mukaromah. The 47-floor tower comprises 471 units and will be developed according to applicable off-plan sales regulations. The contract has a 36-month duration and an estimated value of approximately 18% of Adeer's revenues based on its latest audited annual financial statements. The company expects a positive financial impact from the contract starting with the commencement of marketing and sales activities.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96047&anCat=1&cs=9634&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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