- Business
- Sumou Real Estate Company (4323.SR), a subsidiary of Sumou Holding Company, operates as a leading Saudi Arabian real estate firm focused on residential and non-residential building construction, project development, management, and investments; it develops real estate projects primarily through subcontractors, manages developer-owned properties for management fees, and holds direct and indirect investments in real estate assets that may be sold pre- or post-development; core offerings encompass construction of schools, hospitals, hotels, airports, and prefabricated buildings, alongside renovation of residential and non-residential structures, land acquisition and sales, and sales agency services in food and beverages. The company serves clients across Saudi Arabia, with a portfolio exceeding SAR 20 billion in projects under management or completed, spanning 145 million square meters, including mega public-private partnerships such as Murooj Jeddah and Bawabat Makkah City. Founded in 2007 and headquartered in Al Khobar, the company maintains operations nationwide, aligning its activities with Saudi Vision 2030 through sustainable urban development. Recent developments include a strategic partnership signed in 2025 with Saudi Railways Company (SAR), a Public Investment Fund entity, to develop land in Riyadh and Dammam via high-quality projects enhancing quality of life and financial sustainability; in November 2025, execution of a development management agreement for the Anara project with Maali AlJazira Real Estate Co. on behalf of AlJazira Sumou Real Estate Fund, securing an off-plan sales license. Subsidiaries comprise Al Mahafel Trading and Contracting Co. Ltd. and Anara Development Company, supporting its integrated services from project conception to delivery.