Sumou Real Estate Company

What Sumou Real Estate Company does

Sumou Real Estate Company is a Saudi Arabian real estate developer founded in 2007 and publicly listed on the Tadawul main market since September 2023 under ticker 4323, headquartered in Al Khobar with regional offices in Riyadh and Jeddah. The company operates across four Saudi regions and 36 cities, delivering end-to-end real estate development services spanning feasibility studies, design translation, infrastructure execution, superstructure construction, marketing, sales management, and post-completion community management. Its portfolio covers residential, commercial, mixed-use, industrial, and logistics projects — flagship assets include Murooj Jeddah (36.6 million sqm), Ajwaan luxury residences in Khobar (1 million sqm), AlKhobar Corniche (2.18 million sqm), Al Dhahiya Residence (149 villas in Makkah), and the Jabal Omar mixed-use tower in Makkah (SAR 1.5 billion).

The company's revenue model is fee-based and project-tied, comprising four streams: (1) development management fees at 6.5% of infrastructure development costs, (2) marketing and sales fees at 2.5% of project sales plus brokerage commissions, (3) direct development and execution fees for investment fund partners, and (4) long-term land lease income (e.g., SAR 11.76 million annually under the 35-year SARED lease with 21% five-year escalator). Go-to-market is enterprise field sales targeting government, semi-government, and private sector clients — primarily large institutional land owners and investment funds — through direct B2B negotiations and strategic partnerships with PIF-owned entities, KHC, ANB Capital, Areeb Capital, AlRajhi Capital, Sedco Capital, and Saudi Railways.

Sumou serves a dual customer base: institutional (government municipalities, PIF subsidiaries, investment funds) and end-user (individual Saudi families seeking Vision 2030-aligned housing). The company differentiates through a full-lifecycle development model, Vision 2030 alignment, recognized brand (Forbes Middle East, Great Place to Work), and co-managed investment funds (AlJazira Sumou Fund exceeding SAR 2 billion, Riyadh Altameer Fund, Areeb Sumou Makkah Fund, Dahiat Sumou Fund) that embed Sumou as recurring fund manager. Capital structure is SAR 375 million across 37.5 million shares with a market capitalization of approximately SAR 1.43 billion (SAR 28.60 per share as of late June 2026).

Name

Sumou Real Estate Company

Legal name

Sumou Real Estate Company SJSC (شركة سمو العقارية)

Website

https://sumou.com.sa

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Sumou Real Estate Company is a Saudi-listed (Tadawul: 4323) end-to-end real estate developer operating across 36 cities, serving government, semi-government, and private clients with fee-based development management, infrastructure execution, and investment fund partnerships.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), Real Estate Property Managers (53131), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Land Brokerage (Raw Land & Development Sites) (FSAEAJAD)

Keywords

• Real estate development
• Property management
• Residential communities
• Commercial real estate
• Infrastructure development

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Development Management Fees: Sumou receives 6.5% of total infrastructure development costs as management fees for overseeing development planning, regulatory approvals, design, execution, and contractor management.
2. Marketing and Sales Fees: Sumou earns 2.5% of project sales for marketing and sales management services, plus brokerage commissions paid by buyers.
3. Development and Implementation: Sumou undertakes direct development, design, and execution of real estate projects for investment funds and partners, earning project development fees.
4. Land Lease and Development: Long-term lease arrangements (e.g., 35-year lease at SAR 11.76 million annually excluding VAT) for land development and operation with 21% average increase every five years.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Sumou Real Estate Company develops, manages, and operates residential, commercial, and mixed-use real estate projects across Saudi Arabia. The company provides end-to-end real estate development services encompassing feasibility studies, design oversight, infrastructure and superstructure execution, marketing, and sales management for large-scale urban communities and districts. It also invests in and operates real estate investment funds and long-term land lease arrangements with strategic partners.

Product overview

Sumou Real Estate Company is a Saudi Arabian real estate development company listed on the Saudi Stock Exchange (Tadawul) offering a comprehensive portfolio of real estate products and services. The company operates through two primary service offerings: Real Estate Development (covering feasibility studies, design, financing, marketing, and execution) and Development Management (providing end-to-end project management). Its product portfolio includes residential, commercial, industrial, and mixed-use projects across Saudi Arabia, with major developments including Murooj Jeddah (36.6M m²), Ajwaan luxury residences (1M m²), and various investment funds such as the Riyadh Altameer Real Estate Fund and Areeb Sumou Mecca Fund. Projects span multiple regions including Eastern Province, Western Region (Jeddah/Makkah), Central Region (Riyadh), and Northern Region.

Differentiator

Problem solved

Functional benefit

Brands

• Al Dhahiya Residence: A residential project in Makkah involving construction of 149 villas in partnership with Al Dhahiya Real Estate Development and Investment Co.
• Areeb Sumou Makkah Real Estate Fund
• Al Jazira Sumou Real Estate Fund
• Riyadh Altameer Real Estate Fund

Products and services

• Dahiat Sumou Fund A real estate investment fund managed by Sumou for residential district development in Saudi Arabia, recognized with industry awards for best architecture and development in multi-use projects.
• Sumou Park Residential and commercial entertainment-focused development project under Sumou's portfolio.
• Sumou Towers Mixed-use tower project offering residential, commercial, and service facilities under Sumou's development portfolio.
• Murooj Jeddah Large-scale residential development project in Jeddah spanning 36.6 million square meters.
• Ajwaan Luxury residential community project in Khobar spanning 1 million square meters.
• Al Dhahiya Residence Villa development project in Makkah with 149 units, developed in partnership with Al Dhahiya Real Estate Development and Investment Co.
• AlJazira Sumou Real Estate Fund Real estate fund in Riyadh with total value exceeding SAR 2 billion, established in partnership with Al Jazira Capital and Sumou Investment.
• Areeb Sumou Mecca Real Estate Fund Real estate investment fund for mixed-use tower development in Jabal Omar, Makkah, with project value approximately SAR 1.5 billion.
• Riyadh Altameer Real Estate Fund Real estate fund for infrastructure development covering 3,000,000 square meters in Riyadh.
• Mawared Logistic Multi-purpose logistics and industrial development project spanning 1.3 million square meters.
• Sama Al Dhahran Residential and commercial infrastructure development along Khobar Corniche spanning 2.18 million square meters.
• Real Estate Development Services Comprehensive real estate development services covering feasibility studies, development concepts, design translation, financing, marketing, and project execution oversight for government, semi-government, and private sector clients.
• Development Management Services Full-spectrum development management service encompassing initial feasibility studies, innovative development concepts, design oversight, and execution management to align with client objectives, including taking a percentage of infrastructure development costs (e.g., 6.5% to 10%) as management fees.
• KHC Riyadh Land Development Project Infrastructure development, marketing, and sales management for 3.07 million square meters of residential and commercial land in Riyadh under partnership with Kingdom Holding Company (KHC) subsidiaries.
• ANB Capital Riyadh Infrastructure Development Infrastructure development management for 1.83 million square meters of land plots in Riyadh's Al Qadisiyah, Al Rimal, and Al Janadriyah districts in partnership with ANB Capital.
• Saudi Airlines Real Estate (SARED) Jeddah Mixed-Use Project Long-term lease, development, and operation of 78,374 square meter mixed-use project in southwestern Jeddah under partnership with Saudi Airlines Real Estate Development Company (SARED).
• Obhor North Infrastructure Project Infrastructure development in North Obhor Neighborhood, Jeddah, covering 960,000 square meters in partnership with Diyar Real Estate Development Company and Sedco Capital, valued at SAR 135 million.

Quantifiable outcome

• SAR 4 billion in estimated project sales from Riyadh KHC partnership
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered major, core and strategic.

• Al Dhahiya Real Estate Development and Investment Co.majorStrategic or Co-development Partner · 21 June 2026Partnership for Al Dhahiya Residence project in Makkah - construction of 149 villas. Sumou received off-plan sales license under No. 1063.
• Kingdom Holding Company (KHC)coreStrategic or Co-development Partner · 8 April 202636-month agreement to manage infrastructure development, marketing, and sales of 3.07 million sqm of residential and commercial land in Riyadh. Sumou receives 6.5% of infrastructure costs plus 2.5% of sales. Total project sales estimated at SAR 4 billion.
• Areeb CapitalcoreStrategic or Co-development Partner · 29 January 2026Contract for development, design, and execution of commercial and residential tower for Areeb Sumou Makkah Fund in Jabal Omar area, Makkah. Project value approximately SAR 1.5 billion.
• Al-Mashariq Al-Arabiya Investment (ANB Capital)coreStrategic or Co-development Partner36-month contract to manage infrastructure development for land plots in Riyadh's Al Qadisiyah, Al Rimal, and Al Janadriyah districts covering 1.83 million sqm. Sumou receives 10% of project development costs.
• Saudi Airlines Real Estate Development Company (SARED)coreStrategic or Co-development Partner35-year lease, development, and operation contract for 78,374 sqm mixed-use project in southwestern Jeddah. Annual rent SAR 11.76 million excluding VAT with 21% increase every five years.
• Diyar Real Estate Development Company (Sedco Capital)majorStrategic or Co-development PartnerInfrastructure development project in North Obhor Neighborhood, Jeddah. Total area 960,000 sqm. Project value SAR 135 million.
• AlRajhi CapitalstrategicStrategic or Co-development PartnerMOU signed to establish strategic partnership for exploring real estate development opportunities and launching investment funds in Saudi Arabia.
• Saudi Railways Company (SAR)strategicStrategic or Co-development PartnerPartnership for land development in Riyadh and Dammam through high-quality projects contributing to quality of life enhancement. SAR is a PIF-owned company.
• Umm Al-Qura UniversitystrategicStrategic or Co-development PartnerWaqf (endowment) partnership to develop university endowments and support optimal investment of real estate resources.
• Saudi Arabia Real Estate CompanymajorStrategic or Co-development PartnerStrategic partnership to develop a mixed-use project on 78,374 sqm in Jeddah as part of Saudi city development initiative.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Dar Al Arkan Real Estate Development: Saudi-listed (Tadawul) real estate developer active in residential, commercial, and mixed-use projects across Riyadh and other Saudi cities. Directly comparable to Sumou in Vision 2030-aligned urban development, though at significantly larger scale.
• Jabal Omar Development Company: Saudi-listed developer focused on the Jabal Omar mega-project in Makkah, with mixed-use towers and hospitality. Highly comparable to Sumou's Makkah focus, including the Areeb Sumou Makkah Fund tower project (SAR 1.5B).
• Emaar The Economic City (Emaar CEC): Saudi-listed developer of King Abdullah Economic City, focused on large-scale mixed-use urban development. Comparable to Sumou in project scale, government partnership model, and Vision 2030 alignment.
• Saudi Real Estate Company (Al Aqaria): One of the largest listed Saudi real estate developers, active in residential, commercial, and land development across major Saudi cities. Directly comparable to Sumou's diversified Saudi real estate development business model.
• SEDCO Development (Sedco Capital affiliate): Saudi real estate development arm that partners with Sumou (e.g., Obhor Jeddah project). Comparable in fund-linked residential and mixed-use development in Saudi Arabia.
• Knowledge Economic City (KEC): Saudi-listed developer of Knowledge Economic City in Madinah, focused on mixed-use urban communities. Comparable to Sumou's community/master-plan development approach and Vision 2030 positioning.

Emerging players

• Retal Urban Development Company: Growing Saudi-listed residential and mixed-use developer active in Riyadh and other cities. Comparable emerging Saudi developer competing in similar Vision 2030 residential segments as Sumou.

Broad incumbents

• Kingdom Holding Company: PIF-linked Saudi conglomerate that is both a Sumou customer (KHC Riyadh SAR 4B mandate) and a broader real estate investor across hotel, commercial, and residential sectors. Comparable as both counterparty and broader Saudi real estate investor.
• Emaar Properties (UAE): Largest listed UAE real estate developer with mega-projects (Downtown Dubai, Dubai Creek Harbour). Comparable in master-planned mixed-use development and Vision 2030-style urban transformation execution, but at much larger scale and different geography.

Regional players

• Aldar Properties (UAE): Major UAE-listed developer with diversified residential, commercial, and retail real estate. Comparable in GCC mixed-use development and asset-light fund/management fee business model, though focused on UAE rather than Saudi market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/SumouRE

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sumou Real Estate Company