On April 23, 2026, Sumou Real Estate Company announced the signing of an infrastructure development management agreement with Mashariq Al Arabi Real Estate Company, representing a real estate fund managed by anb capital. The contract, signed on April 22, 2026, covers land plots in Al Qadisiyah, Al Ramal, and Al Janadriyah districts in Riyadh with a total area of 1,831,571.81 square meters. Under the 36-month agreement, Sumou will receive management fees equivalent to 10% of development costs, with the project expected to positively impact the company's results from project commencement.

Original announcement:

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