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TADAWUL: 9634
96.35 -5.65 (-5.54%) Delayed
Investor Relations

Adeer Real Estate Company

Saudi joint-stock company listed on Nomu, the Saudi parallel market, under symbol 9634. We lead real-estate marketing and major project management under REGA and CMA oversight.

Tadawul · Nomu Symbol 9634 FAL Regulated Founded 2012
Tadawul · Nomu · 9634 Delayed
96.35
-5.65 (-5.54%)
Day High
98.70
Day Low
96.35
Volume
1K
View on Saudi Exchange ↗
2012
Founded
182
Projects marketed and sold
14
Years of operation
2025
Listed on Nomu
Governance

Board, Executives & Committees

Abdulrahman Ayedh Al-Qahtani
Abdulrahman Ayedh Al-Qahtani
Chairman of the Board

Chairman's Message

Dear Shareholders,

It is my pleasure to welcome you to the annual report of Adeer Real Estate Company, which sets out our achievements and our financial performance over the past year.

It has been a year rich in both challenges and opportunities, in which the company continued to achieve sustainable growth across all of its sectors. By the grace of God, and through the efforts of an outstanding team, we were able to deliver strong financial results and reinforce our leading position in the Saudi real-estate market.

Key Achievements

  • Revenue growth of 15% compared with the previous year
  • The launch of 5 new real-estate projects in strategic locations
  • Expansion of our investment portfolio into new sectors
  • Strengthening of our social responsibility and sustainability programmes

Outlook

We look to the future with great optimism, and we plan to continue our expansion strategy with a focus on innovation and quality. We will keep investing in modern technologies and developing our team's capabilities to ensure we deliver the best possible service to our clients.

I would like to extend my sincere thanks to all our shareholders for their continued confidence, to our team for their dedication and commitment, and to our clients and partners for their unwavering support.

With God's grace,

Abdulrahman Ayedh Farhan Al-Qahtani

Chairman of the Board

Abdulrahman Ayedh Al-Qahtani
Abdulrahman Ayedh Al-Qahtani
Chairman of the Board
Chairman
Abdulrahman Ayedh Al-Qahtani

Abdulrahman Ayedh Al-Qahtani

Chairman of the Board

Qualifications

  • Bachelor of Financial Management - Prince Mohammad Bin Fahd University, Al-Khobar - Kingdom of Saudi Arabia, 2017

Professional experience

  • Chairman of the Board of Adeer Real Estate Company - a closed joint-stock company whose activity is real-estate marketing - from 2024 until the date of this prospectus
  • Chief Executive Officer and founding partner of Dal Al-Marifah Information Technology Company - a limited liability company whose activity is technology - from 2017 until the date of this prospectus
  • Vice President for Investment at Atar Holding Company - a limited liability company - whose activity is investment - from 2020 until the date of this prospectus
  • Board member of Sumou Holding Company - non-executive - a limited liability company whose activity is real-estate investment - from 2022 until the date of this prospectus
  • Board member of Baysan Commercial Investment Company - non-executive - from 2021 until the date of this prospectus
  • Member of the executive committee of the Farhan Ibn Mubarak Charitable Foundation from 2017 until the date of this prospectus
Muteb Hamed Al-Qahtani
Muteb Hamed Al-Qahtani
Vice Chairman & Managing Director
Muteb Hamed Al-Qahtani

Muteb Hamed Al-Qahtani

Vice Chairman & Managing Director

About this member

Muteb Hamed Ghudayf Al-Qahtani is the Vice Chairman of the Board, Managing Director and Chief Executive Officer of Adeer Real Estate Company. He has broad experience in the real-estate sector extending more than a decade.

Qualifications

  • Bachelor of Military Sciences, King Abdulaziz Military College, Kingdom of Saudi Arabia, 1997

Professional experience

  • Vice Chairman of the Board of Adeer Real Estate Company - a closed joint-stock company whose activity is real-estate marketing - from 2024 until the date of this prospectus
  • Chief Executive Officer of Adeer Real Estate Company from 2013 until the date of this prospectus
  • Member of the board of managers of Tanal Real Estate Development and Investment Company - a limited liability company whose activity is real estate - from 15 October 2018 until the date of this prospectus
  • Partner and founder of Maayeer Real Estate Valuation Company - a limited liability company whose activity is real-estate valuation - from 8 October 2017 until the date of this prospectus
  • Chairman of the Board of Adeer Asar Real Estate Company - a limited liability company whose activity is real estate - from 17 August 2022 until the date of this prospectus
Abdullah Muhammad Al-Qahtani
Abdullah Muhammad Al-Qahtani
Board Member
Abdullah Muhammad Al-Qahtani

Abdullah Muhammad Al-Qahtani

Board Member

About this member

Abdullah Muhammad Abdullah Al-Qahtani is a board member of Adeer Real Estate Company and has broad experience in urban planning and real-estate development.

Qualifications

  • Master's in Urban Planning and Real Estate Development - Saint Louis University, Missouri, United States of America - 2007
  • Bachelor's in Urban Planning and Design - King Saud University - Kingdom of Saudi Arabia - 2004

Professional experience

  • Board member of Adeer Real Estate Company - a closed joint-stock company whose activity is real-estate marketing - from 2024 until the date of this prospectus
  • Deputy Chief Executive Officer for Business Development - Sumou Holding Company - a limited liability company whose activity is real-estate investment - from January 2024 until the date of this prospectus
  • Chief Executive Officer of Dahiyat Sumou Company - a limited liability company whose activity is real estate - from 2012 until December 2023
  • Project Manager - Sumou Real Estate Company - a public joint-stock company whose activity is real-estate development - from 2010 to 2012
Ibrahim Muhammad Al-Qahtani
Ibrahim Muhammad Al-Qahtani
Independent Board Member
Ibrahim Muhammad Al-Qahtani

Ibrahim Muhammad Al-Qahtani

Independent Board Member

About this member

Ibrahim Muhammad Shayi Al Musaad Al-Qahtani is an independent member of the board of Adeer Real Estate Company and chairman of the audit committee. He has broad academic and practical experience in the field of management and economics.

Qualifications

  • Doctorate in Economics, University of Wisconsin, United States of America, 1987
  • Master of Business Administration (MBA), King Fahd University of Petroleum and Minerals, 1981
  • Bachelor of Industrial Management Sciences (with honours), King Fahd College of Petroleum and Minerals, 1979

Professional experience

  • Chairman of the Board, Natwal Iron Factories Company, a limited liability company working in the iron industry, from 2014 to date
  • Chairman of the Board of Rozen Arabia Trading Company - a closed joint-stock company - whose activity is the manufacture and trade of paper - from 2022 to date
  • Board member of Sumou Real Estate Company - a public joint-stock company whose activity is real estate - Al-Khobar, from 2008 until 2011
  • Founder and partner in the Diversified Metals Recycling Company - a limited liability company whose activity is mining - in Al-Khobar, from 2008 until 2011
  • Founder and partner in the Gulf Artificial Stone Factory - a limited liability company whose activity is industrial - in Al-Khobar, from 2002 until 2016
Ubaid Saad Al-Sharif
Ubaid Saad Al-Sharif
Independent Board Member
Ubaid Saad Al-Sharif

Ubaid Saad Al-Sharif

Independent Board Member

About this member

Ubaid Saad Ubaid Al-Abdali Al-Sharif is an independent member of the board of Adeer Real Estate Company and chairman of the remuneration and nomination committee, an expert in the field of marketing and consultancy.

Qualifications

  • Doctorate in Marketing, Manchester Business School, Britain, 1996
  • Master of Business Administration from Cardiff Business University, Britain, 1989
  • Higher Diploma in Marketing from Cardiff Business University, Britain, 1988
  • Bachelor of Business Administration from King Abdulaziz University, Kingdom of Saudi Arabia, 1986

Professional experience

  • Board member of the cooperative societies from 2022 until the date of this prospectus
  • Media adviser (part-time) to the King Salman Science Oasis from 2022 until the date of this prospectus
  • Board member of Wudooh Real Estate Company - a limited liability company whose activity is real estate - from 2022 until the date of this prospectus
  • Marketing adviser (part-time) to the Ministry of Municipal and Rural Affairs and Housing, Urban Planning Agency, from 2021 until the date of this prospectus
  • Founder and Chief Executive Officer of Mazeej Marketing Consultancy Company - a limited liability company whose activity is marketing - from 2015 until the date of this prospectus
Muteb Hamed Al-Qahtani
Muteb Hamed Al-Qahtani
Chief Executive Officer
Muteb Hamed Al-Qahtani

Muteb Hamed Al-Qahtani

Chief Executive Officer

About this member

Muteb Hamed Ghudayf Al-Qahtani is the Vice Chairman of the Board, Managing Director and Chief Executive Officer of Adeer Real Estate Company. He has broad experience in the real-estate sector extending more than a decade.

Qualifications

  • Bachelor of Military Sciences, King Abdulaziz Military College, Kingdom of Saudi Arabia, 1997

Professional experience

  • Vice Chairman of the Board of Adeer Real Estate Company - a closed joint-stock company whose activity is real-estate marketing - from 2024 until the date of this prospectus
  • Chief Executive Officer of Adeer Real Estate Company from 2013 until the date of this prospectus
  • Member of the board of managers of Tanal Real Estate Development and Investment Company - a limited liability company whose activity is real estate - from 15 October 2018 until the date of this prospectus
  • Partner and founder of Maayeer Real Estate Valuation Company - a limited liability company whose activity is real-estate valuation - from 8 October 2017 until the date of this prospectus
  • Chairman of the Board of Adeer Asar Real Estate Company - a limited liability company whose activity is real estate - from 17 August 2022 until the date of this prospectus
Sulaiman Aabed Al-Harbi
Sulaiman Aabed Al-Harbi
Deputy CEO — Operations
Sulaiman Aabed Al-Harbi

Sulaiman Aabed Al-Harbi

Deputy CEO — Operations

About this member

Sulaiman Aabed Rashed Al-Harbi is the Deputy Chief Executive Officer for Operations at Adeer Real Estate Company. He has broad experience extending more than 20 years in the real-estate sector.

Qualifications

  • Holds a Bachelor's degree in Media and Public Relations from King Abdulaziz University in the city of Jeddah, 2003
  • Holds the fellowship in real-estate valuation
  • Holds the Off-Plan Sales Professional certificate - Building Inspector certificate - Professional Real Estate Broker certificate
  • Has completed several courses, among them (a course in economic feasibility studies - a course in Office programs - a course in professional excellence and developing the work environment - a course in smart management and developing job performance - a course in the fundamentals of distinguished business administration - a course in strategic planning and change management - a course in supervision and administrative organisation - a course in administrative planning and institutional development - a course in the skill of effective negotiation)

Professional experience

  • Currently holds the position of Deputy Chief Executive Officer at Adeer Real Estate Company - a closed joint-stock company whose activity is real estate - from 2021 until now
  • Held the position of Deputy Chief Executive Officer for Operations at Adeer Real Estate Company from 2013 until 2021
  • Held the position of Makkah Al-Mukarramah branch manager at Sumou Real Estate Company - a public joint-stock company - a company working in the field of real-estate development in the city of Jeddah, from 2010 until 2012
  • Held the position of sales consultant at Edar Real Estate Company - a closed joint-stock company - a company working in the field of real-estate marketing in the city of Jeddah, from 2008 until 2010
  • Held the position of general administration manager at the Abdul Ghani Hussein Group (the Commercial Establishment for Elevators), a limited liability company - working in the field of the sale and installation of electric escalators and elevators in the city of Jeddah, from 2003 until 2008
Muhammad Atef Ali Hussein
Muhammad Atef Ali Hussein
Marketing & Sales Manager
Muhammad Atef Ali Hussein

Muhammad Atef Ali Hussein

Marketing & Sales Manager

About this member

Muhammad Atef Ali Hussein is the manager of the marketing and sales department at Adeer Real Estate Company. He has broad international experience in the field of real-estate marketing and sales.

Qualifications

  • Doctorate degree in Business Administration, the Arab Academy for Financial and Banking Sciences, Egypt, 2020
  • Master's degree in Business Administration, marketing specialisation, the Arab Academy for Financial and Banking Sciences, Egypt, 2018
  • Diploma in Sales Management, the American University, Egypt, 2006
  • Licence in the English Language, the Higher Institute for Languages, Egypt, 1998

Professional experience

  • The position of manager of the sales and marketing department at Adeer Real Estate Company - a closed joint-stock company - a company operating in the Kingdom of Saudi Arabia in the city of Al-Khobar, from 2022 until now
  • Manager of the sales and marketing department at QMC Real Estate Development Company, a company operating in the Arab Republic of Egypt in the city of Giza, from 2020 until 2021
  • Manager of the sales department at Mena Real Estate Development Company, a company operating in the Arab Republic of Egypt in the city of Giza, from 2019 until 2020
  • Manager of the sales department at Al-Marasem Real Estate Development Company, a company operating in the Arab Republic of Egypt in the city of Giza, from 2018 until 2019
  • Manager of the sales and marketing department at Esker Trading Company, a company operating in the Arab Emirates in the city of Dubai, from 2014 until 2018
  • Manager of the sales and marketing department at Asset Egypt for Construction Company, a company operating in the Arab Republic of Egypt in the city of Giza, from 2010 until 2014
Abdul Rahman Al-Dammiri
Abdul Rahman Al-Dammiri
Finance Manager
Abdul Rahman Al-Dammiri

Abdul Rahman Al-Dammiri

Finance Manager

About this member

Abdul Rahman Ahmed Mustafa Al-Dammiri is the manager of the finance department at Adeer Real Estate Company. He has broad experience in accounting and financial auditing.

Qualifications

  • Bachelor of Business Administration, 2010

Professional experience

  • Finance Manager at Adeer Company from 2022 until the date of this prospectus
  • Chief accountant at Adeer Real Estate Company from 2014 until 2021
  • Senior auditor at Morison International Certified Accountants - an audit office - from 2011 until 2014
  • Customer service officer at the Arab Bank in Jordan - a public joint-stock company - from 2010 until 2011
Ali Muhammad Al-Rifaie
Ali Muhammad Al-Rifaie
Board Secretary
Ali Muhammad Al-Rifaie

Ali Muhammad Al-Rifaie

Board Secretary

About this member

Ali Muhammad Al-Rifaie is the secretary of the board of Adeer Real Estate Company and a legal adviser with broad experience in the field of governance and legal affairs.

Qualifications

  • Bachelor of Law - the University of Jordan - Amman, 2001
  • Licence to practise law - the Jordanian Bar Association - 2004

Professional experience

  • Secretary of the board of Adeer Real Estate Company - a closed joint-stock company whose activity is real-estate marketing - from 2021 until the date of this prospectus
  • Manager of legal affairs and governance at Sumou Holding Company - a limited liability company whose activity is real-estate investment - from 2019 until the date of this prospectus
  • Legal adviser at Ammar Real Estate Company - a limited liability company whose activity is real estate - from 2012 to 2019
  • Legal adviser at Kuwait Finance House - a closed joint-stock company whose activity is investment - from 2010 to 2012
  • Legal adviser at the Abdul Ghani Hussein Group from 2007 to 2010
Committee
Audit Committee
Ibrahim Mohammed Al-Qahtani Chair
Abdullah Mohammed Al-Qahtani
Saeed Salem Al-Nahdi
Committee
Compensation & Nominations Committee
Obaid Al-Sharif Chair
Saeed Salem Al-Nahdi
Mohammed Ayed Al-Qahtani
Committee
Risk Management Committee
Mutaib Hamad Al-Qahtani Chair
Abdulrahman Ayed Al-Qahtani
Abdulrahman Al-Dumairi
Investor Contact

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