Headquarters of Sumou Real Estate Co.
Shares of Sumou Real Estate Co. will list and trade on the Saudi Exchange (Tadawul) today, Sept. 7, with the symbol 4323 and under the Real Estate Management & Development sector.
The stock will have a daily fluctuation limit of +/- 10%.
The company received, on Aug. 20, Tadawul's approval on its transition from Nomu-Parallel Market to the main market.
The company’s capital is SAR 375 million, divided into 37.5 million shares. The stock last traded on Nomu at SAR 57, which will be the listing price on the main market.
Sumou will be the 10th company to transition from Nomu to the main market.
Accordingly, the number of companies listed on the main market will rise to 211, excluding the 18 REITs. The number of companies on Nomu will decrease to 65.
Company Profile
Somou Real Estate Co., 62.97% owned by Sumou Holding Group, has been managing and developing real estate projects since 2008.
The company works in the field of implementing and managing real estate developments and investments in Saudi Arabia, such as commercial centers, housing complexes, residential units, and infrastructure for industrial and commercial establishments, economic cities, and free zones.
Somou Real Estate debuted on Nomu on May 11, 2020, with 1.25 million shares offered at SAR 24 each (SAR 36 per share after adjusting the capital via a bonus shares distribution).
While listed on Nomu, the company increased its capital on May 5, 2021, from SAR 250 million to SAR 375 million through a bonus shares issue.
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Transition Details |
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|
|
Nomu |
Tadawul |
|
Capital (SAR mln) |
250 |
375 |
|
Number of shares (mln) |
25 |
37.5 |
|
Sector |
Real Estate Management & Development |
Real Estate Management & Development |
|
Daily fluctuation limit |
30% |
10% |
|
Listing price (SAR) |
24 |
57 |
|
Eligible traders |
Only qualified investors |
Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities |
|
Companies transitioned to main market |
||||
|
Company |
Board Approval |
Request to Transfer |
Tadawul Approval |
Listing on Main Market |
|
Al Kathiri |
Oct. 9, 2019 |
Oct. 15, 2019 |
Oct. 28, 2019 |
Nov. 3, 2019 |
|
Thob Al Aseel |
Oct. 6, 2019 |
Oct. 16, 2019 |
Nov. 4, 2019 |
Nov. 10, 2019 |
|
Abo Moati |
Oct. 6, 2019 |
Oct. 16, 2019 |
Nov. 4, 2019 |
Nov. 11, 2019 |
|
Raydan |
Oct. 8, 2019 |
Oct. 29, 2019 |
Nov. 17, 2019 |
Nov. 21, 2019 |
|
Baazeem |
Oct. 7, 2019 |
Nov. 14, 2019 |
Nov. 28, 2019 |
Dec. 4, 2019 |
|
Arab Sea |
Oct. 9, 2019 |
March 17, 2020 |
April 12, 2020 |
April 15, 2020 |
|
Al-Omran |
Feb. 16, 2020 |
June 15, 2020 |
July 15, 2020 |
July 21, 2020 |
|
Sadr Logistics |
Sept. 27, 2020 |
Nov. 2, 2020 |
Dec. 3, 2020 |
Dec. 10, 2020 |
|
Development Works Food |
Sept. 12, 2021 |
Nov. 4, 2021 |
Nov. 17, 2021 |
Nov. 23, 2021 |
|
Sumou |
May 15, 2022 |
May 24, 2023 |
Aug. 20, 2023 |
Sept. 7, 2023 |
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