Memorandum of Understanding Between Sumou Real Estate and AlRajhi Capital
In a new and ambitious step, Sumou Real Estate and AlRajhi Capital have signed a Memorandum of Understanding to establish a strategic partnership driven by a promising future vision. The partnership aims to explore opportunities for developing real estate projects and launching investment funds that support the diversification of development opportunities across the Kingdom of […]
Strategic partnership between Saudi Real Estate Company and Sumou Real Estate to develop a mixed-use project
Sumou Real Estate Co. signed on May 4 a long-term lease, development, and operation contract with Saudi Airlines Real Estate Development Company (SARED) to lease a 78,374-square-meter land plot in Jeddah for 35 years. In a statement to Tadawul, the company said the project involves developing an integrated multi-purpose scheme in the southwestern corner of […]
Sumou to manage infrastructure development for Riyadh land portfolio
Sumou Real Estate Co. said it signed an agreement to manage infrastructure development for land plots in Riyadh’s Al Qadisiyah, Al Rimal, and Al Janadriyah districts, covering a total area of 1.83 million square meters, according to a statement to Tadawul. The agreement was signed with Al-Mashariq Al-Arabiya Investment, a real estate fund managed by […]
Sumou, KHC units sign Riyadh land development, sales deal
Sumou Real Estate Co. and Kingdom Holding Co. (KHC) signed an agreement to manage infrastructure development, as well as marketing and sale of 3.07 million square meters of residential and commercial land in Riyadh, the companies said in separate statements to Tadawul. The project is for the benefit of Kingdom Real Estate Development Co. and […]
Sumou Real Estate signs a strategic partnership with (SAR) to develop projects in Riyadh and Dammam
At Sumou Real Estate, we take pride in our partnership with the Saudi Railways Company (SAR), one of the companies under the Public Investment Fund (PIF). We signed an agreement during the PIF and Private Sector Forum aimed at achieving long-term financial sustainability and developing land in Riyadh and Dammam through the implementation of high-quality […]
Sumou signs SAR 135M infrastructure development deal in Jeddah(Obhor)
Sumou Real Estate Company will develop and execute the works for an infrastructure Project located in North Obhor Neighborhood in the city of Jeddah with a total area of 960,000 square meters, in cooperation with Diyar Real Estate Development Company which represents a real estate fund managed by Sedco Capital Company, With an estimated value […]
Forbes Names Eng. Jarallah Al Amrah Among the Most Influential Leaders in Real Estate for 2025
Forbes Middle East has recognized Eng. Jarallah bin Mohammed Al Amrah, CEO of Sumou Real Estate Company, as one of the most influential leaders in the real estate sector for 2025. This prestigious recognition highlights his pivotal role in spearheading transformative and high-impact real estate projects across Saudi Arabia and his significant contributions to advancing […]
