On July 12, 2026, Adeer Real Estate Company announced the signing of a marketing and sales agreement with Sumou Holding Company, executed on July 9, 2026, covering the developed land plots within the "Jeddah Oasis" masterplan in Al Kawthar District, Jeddah, spanning a total area of 707,254 square meters. The project will be developed and marketed through an off-plan sales model over a 12-calendar-month contract period. Under the agreement, Adeer Real Estate Company is entitled to a 2.5% brokerage commission on the value of sold land plots, as well as an additional 2.5% to cover marketing costs, including the establishment and fit-out of the sales center. The contract is expected to have a positive financial impact upon the sale and transfer of land to buyers and the collection of the company's fees.

Original announcement:

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.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.